RUSTOCKS.com/Home/Issuers' Corner/Press Releases

Moscow City Telephone

company search
all press releases
all Moscow City Telephone press releases


Moscow City Telephone	November 16, 2001
From 13 to 15 November 2001 a placement of ruble documentary interest bearer bonds of Open Joint-Stock Company "Moscow City Telephone Network" (OJSC MGTS) of A2 series with obligatory centralized deposit, state registration number 4-02-0083-A of 17 October 2001, in the total amount of 1 000 000 pieces at 1000 rubles par value each, was held. The placement was carried out within the framework of the ZAO MMVB (Closed Joint-Stock Company "Moscow Interbank Stock Exchange") rating and trade system Share

On 13 November 2001, an auction to determine the interest rate of the first coupon of OJSC MGTS bonds was held. According to the auction results, the coupon rate of interest was fixed at 21.95% per annum. The total amount of the bonds placed during the first day of the auction made up Six Hundred Eighty (680) million rubles. The further bonds placement proceeded in the negotiated transaction format and was completed in full on 15 November 2001. The issue of the MGTS bonds was effected with the support of the banking syndicate comprising JSCB (Joint-Stock Commercial Bank) "Trust and Investment Bank" (TIB) and JSCB "Moscow Bank for Reconstruction and Development" (MBRD). The TIB bank acted as the arranger and underwriter, while the MBRD bank assisted in arranging and was appointed the paying agent and market maker of the issue.