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Prospect News home > News index > List of issuers M > Headlines for Mobile TeleSystems PJSC > News item
Published on 10/31/2016 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Russia’s Mobile TeleSystems series 08 bonds putable; coupon lowered

By Angela McDaniels

Tacoma, Wash., Oct. 31 – Mobile TeleSystems PJSC changed the interest rate of its RUB 15 billion series 08 ruble-denominated bonds due 2020 in connection with a put option, according to a 6-K filing with the Securities and Exchange Commission.

The put option may be exercised from Nov. 1 until Nov. 8. Settlement is scheduled for Nov. 10.

The interest rate has been lowered to 9½% for the 13th and 14th coupon periods from 10¾%.

A new put option is set for the 15th coupon period.

Gazprombank will act as the repurchase agent.

Mobile TeleSystems is a telecommunications provider based in Moscow.


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