Russia’s Mobile TeleSystems (MTS) has repurchased about Rbs13.2bn (US$408.7m) of the Rbs15bn (US$464.4m) series 05 bond it issued three years ago.
The telecoms group exercised a three-year put option to buy back the ruble-denominated bond, issued on…
Russia’s Mobile TeleSystems (MTS) has repurchased about Rbs13.2bn (US$408.7m) of the Rbs15bn (US$464.4m) series 05 bond it issued three years ago.
The telecoms group exercised a three-year put option to buy back the ruble-denominated bond, issued on 28 July 2009 and set to mature on 19 July 2016, according to a company statement.
The coupon was initially 14.25% but MTS lowered it to 8.75% on 17 July this year.
The bond has been included on the Moscow Interbank Currency Exchange’s ‘A1’ quotation list since April 2010.
Gazprombank and VTB were lead arrangers for the bond and the former also acted as the repurchase agent.
