Russian mobile operator MTS has signed a credit agreement of Rbs22bn (E560.5m) with Bank of Moscow.
The facility matures in three years but there is a one-year extension option. The annual interest rate is 10.25%. The credit can be drawn down until…
Russian mobile operator MTS has signed a credit agreement of Rbs22bn (E560.5m) with Bank of Moscow.
The facility matures in three years but there is a one-year extension option. The annual interest rate is 10.25%. The credit can be drawn down until October 1 this year. There is no commitment fee or any other upfront fees payable at signing.
The proceeds may be used as a back-up funding solution should the put options on the ruble bonds be exercised as well as for potential refinancing of other debt, the company said.
