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Moscow City Telephone

March 24, 2004

The Federal Commission for the Securities Market (FCSM) has registered the issue of the PJSC Moscow City Telephone Network (MGTS) non-convertible documentary interest-bearing bearer bonds to the tune of 1.5 billion rubles (RUR 1 500 000 000.-).

The date of the issue placement has not been specified yet.

According to the issuance prospectus, the bonds will be placed by way of public subscription to the number of 1 500 000 pieces at the Moscow Interbank Currency Exchange (MICEX). The principal value of one share will be RUR 1 000.-

The bonds have 10 coupons; each coupon period is 182 days. The bonds repayment date is the 1820th day from the day of the issue placement commencement. Early repayment of the bonds is not envisaged.

The bonds issuance arrangers are JSC Bank for Foreign Trade (Vneshtorgbank), Raiffeisen Bank Austria, and JSC Moscow Bank for Reconstruction and Development.

PJSC Moscow City Telephone Network is one of the biggest not only in Russia, but among the local wire telecommunications companies in Europe too. The Company's continual priority task is to provide quality telephone communication accessible to the millions of the Russia's capital-city inhabitants. The MGTS personnel of 20 000 persons supply services to about 4.2 million subscribers. The telephone density in Moscow conforms to the European standards - over 50 MGTS telephones per 100 metropolitan residents. There are about 600 MGTS telephone exchanges in operation, and their number increases year by. There are presently 18 000 pay stations available at the Company's public payphone network. To date, the MGTS share amounts to 80% in the Moscow fixed telecommunications market. The dynamic development of the Company is noted for its stable economic situation, prescheduled on-going income growth rate, and for the amount of provided services on the upgrade. The Central Office of PJSC MGTS is located in Moscow at 12, bdg. 3, Petrovskiy Boulevard, Moscow, Russia. The Company's Internet address is www.mgts.ru.

For further details, please approach the Department of
Information and Public Relations - PJSC MGTS.
Tel: +7 (095) 950 0623, fax: +7 (095) 950 0622,
E-mail: pressa@mgts.ru

 

 

 

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