MOSCOW, Russia — MTS (NYSE: MBT, MOEX: MTSS), Russia’s leading mobile connectivity and digital services provider, announces that it has successfully issued RUB 9.92 bn in exchange-traded Series BO-01 bonds on the Moscow Exchange through a secondary offering. The technical placement of the bonds is being held on April 16.

The coupon rate for the bonds, which mature in March 2023, was set at 6.50%. The book building held yesterday was oversubscribed, with more than 20 investors submitting bids totaling some RUB 25 bn. As a result, the price of placement was increased in three steps from an initial target of no less than 97.5% to a final range of 98.25-98.50%, equivalent to an effective annual return of 7.20-7.30%.

The RUB 10 bn Series BO-01 bonds were first issued in April 2013 with a maturity of 10 years and initial coupon rate of 8.25%. In March, MTS repurchased RUB 9.28 bn of bonds in the series and set a reduced coupon of 6.50%. The Company earlier repurchased and reissued bonds in the series in 2018.

The lead arrangers of the secondary offering were REGION Broker Company, Sberbank CIB, and VTB Capital. MTS intends to use the funds to further optimize its debt portfolio and for general corporate purposes.

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For further information, please contact in Moscow: 
Investor Relations Department 
Mobile TeleSystems PJSC 
Tel: +7 495 223 2025 
E-mail: ir@mts.ru