Mobile TeleSystems holders may put bonds due 2014; coupon now 7.6%

By Susanna Moon

Chicago, May 11 - Mobile TeleSystems OJSC lowered the coupon on its RUB 15 billion of series 4 bonds due May 13, 2014 to 7.6% from 16.75%, according to a company press release.

The bonds have a two-year put option, and holders may exercise the option from May 13 to May 17, with the repurchase date set for May 19, the release noted.

Gazprombank is the lead arranger and repurchase agent.

The bonds were issued on May 19, 2009.

The telecommunications provider is based in Moscow.

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