Moscow City Telephone Network (MGTS) has carried out the third issue of the series A documentary two-year bonds with the obligatory centralized storing (the state registration number 4-03-00083-A). According to the company's press service, the volume of the issue is 1m securities with a par value 1,000 rubles ($31.45); the total sum of the issue is 1bn rubles ($31.45m), the maturity is two years.
The first coupon interest rate has been set at 12.3 percent. The first coupon is to be paid off on August 12, 2003. The amount of submitted applications was about 5bn rubles ($157m).
The MGTS executives consider this placement as successful.
For the time being, one needs to finish the construction of the section that is 100 kilometres long. On October 17, German Foreign Minister Heiko Maas said in an interview with RND that the project would be completed