Source Pravda.Ru

MTS Eurobonds oversubscribed

The total amount of orders for $400m in five-year unsecured Eurobonds of Mobile TeleSystems (MTS) floated after a four-day session of meetings of MTS management with large institutional investors on January 24, 2003, reached $1bn, the company's press service reported.

The issue was organized by Credit Suisse First Boston. The Eurobonds were issued by Mobile TeleSystems Finance S.A., MTS's subsidiary registered in Luxembourg. OAO MTS acted as an underwriter for the issue. The placements price was 100.00 percent of the par value. The bonds are due on January 30, 2008. The coupon period is six months, and the annual coupon interest rate is 9.75%. The international ratings Ba3 (by Moody's) and B+ (by S&P) have been assigned to the MTS Eurobond issue.

The Eurobonds will be offered and sold in Great Britain by means of making offshore deals in accordance with US regulations, and in the USA by a qualified institutional investor. It is planned to use the funds to be attracted for corporate needs, including possible purchasing of mobile operators in different regions of Russia and CIS countries.

© &to=http://www.rbc.com/' target=_blank>RBC

Comments
Russia to respond with military-strategic blow to new USA's sanctions
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Peculiarities of Russian sex
Russia must build strong Orthodox coalition in Europe to defeat the West
Ukraine dreams of what it can do to Crimea after winning war with Russia
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
The Sham called Democracy
The Sham called Democracy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
Ukraine dreams of what it can do to Crimea after winning war with Russia
The Sham called Democracy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Default more likely to hit American, rather than Russian economy
The Sham called Democracy
The Sham called Democracy