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Russia's Mobile TeleSystems to place RUB 25 billion seven-, 10-year bonds beginning Nov. 16
By Devika Patel
Knoxville, Tenn., Oct. 28 - Mobile TeleSystems OJSC said it will sell RUB 25 billion in series 07 and series 08 ruble-denominated bonds in a placement beginning Nov. 16.
The RUB 10 billion in series 07 bonds will mature in 2017. The RUB 15 billion in series 08 bonds will mature in 2020 and carry a five-year put option. The coupons on both bonds are to be paid semiannually.
The lead arrangers are the Bank of Moscow, Gazprombank, Sberbank and VTB Capital.
Proceeds will be used for debt portfolio optimization and other corporate needs.
The telecommunications provider is based in Moscow.
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