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Prospect News home > News index > List of issuers M > Headlines for Mobile TeleSystems OJSC > News item
Published on 7/27/2012 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Russia's Mobile TeleSystems buys back series 05 bonds due 2016

By Marisa Wong

Madison, Wis., July 27 - Mobile TeleSystems OJSC said it repurchased its series 05 bonds due July 19, 2016 in the amount of RUB 13.2 billion.

Mobile TeleSystems issued RUB 15 billion of the series 05 bonds on July 28, 2009 with a three-year put option. The bonds had an initial coupon of 14¼%, which was reset to 8¾% on July 17.

Gazprombank, which was a joint lead arranger of the bonds with VTB, acted as the repurchase agent.

The telecommunications provider is based in Moscow.


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