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.
Russia, when signing documents for the sale of Alaska to the United States, was realizing her objective benefit
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War