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Russia’s Mobile buys back RUB 1.4 billion bonds, resets rate at 7½%
By Susanna Moon
Chicago, Nov. 13 – MTS PJSC repurchased 1,399,626 series 08 ruble-denominated bonds in an amount of RUB 1.4 billion, according to an 8-K filing by Mobile TeleSystems PJSC with the Securities and Exchange Commission.
MTS also said it set a new 7½% coupon for the interest to be paid in November.
The issuer sold RUB 15 billion of the series 08 ruble-denominated bonds in 2010 with a coupon of 8.15% for five years. The coupon was reset on Nov. 12, 2015 at a rate of 10¾% with a one-year put option and on Nov. 10, 2016 at a rate of 9¼% with a one-year put option.
Gazprombank was a lead arranger and repurchase agent.
The company is a telecommunications provider based in Moscow.
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