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Russia's Mobile TeleSystems buys back RUB 3.9 billion series 03 bonds
By Marisa Wong
Madison, Wis., Dec. 20 - Mobile TeleSystems OJSC said it repurchased its series 03 bonds due June 12, 2018 in the amount of RUB 3.9 billion.
The company said it also changed on Dec. 9 the coupon rate for the 12th and 13th coupons to 7½% from 7% with a one-year put option.
Mobile TeleSystems issued RUB 10 billion of the series 03 bonds on June 24, 2008 with a five-year put option. The bonds had an initial coupon of 8.7% for the first through fourth coupons and 8% for fifth through 10th coupons. On June 5, the interest rate was changed to 7% for the 11th coupon.
As previously announced, the company repurchased RUB 1.88 billion of the series 03 bonds on June 20, 2013.
Gazprombank, Raiffeisenbank and Troika Dialog were lead arrangers of the bond. Gazprombank acted as the repurchase agent.
The telecommunications provider is based in Moscow.
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