MOSCOW, Russia — MTS (NYSE: MBT, MOEX: MTSS), Russia’s leading mobile connectivity and digital services provider, announces the issuance of RUB 15 bn in exchange-traded series 001P-14 bonds with a maturity of 7 years and a coupon rate of 6.60%. The technical placement of the bonds will be held on February 20, 2020 on the Moscow Exchange (MOEX).

The nominal price of the bonds is set at RUB 1,000, the coupon period at 91 days, and the price of placement at 100% of nominal value. The book building held today was oversubscribed, leading to an increase in the size of the issuance from RUB 10 bn to RUB 15 bn and a decrease in the coupon rate from an initial target of 6.75-6.90% to a final rate of 6.60%.

Lead arrangers of the bonds are VTB Capital, Credit Bank of Moscow (CBM), FK Otkritie Bank, and Sovcombank.

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