Moscow, Russian Federation — 19 March 2002 — Mobile TeleSystems OJSC (“MTS”) has issued an additional Eurobond for US$50 million through its wholly owned subsidiary Mobile TeleSystems Finance S.A.
The additional amount brings the three-year Eurobond total to US$300 million. The Eurobonds issued by MTS mature on December 21, 2004. With an annual coupon yield of 10.95 %, the notes were issued at the price of 101.616% and carry a yield to maturity of 10.248%. The notes guaranteed by MTS are listed on the Luxembourg Stock Exchange. Commenting on the additional Eurobond issue, Alexey Buyanov, MTS Vice President for Investments and Securities said: “Following the success of our initial US$250 Eurobond issue, we have decided to place a further US$50 million in Eurobonds in the currently favourable market. The proceeds from the issue will be used for general corporate purposes, including investment projects.”
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For further information contact:
MTS Investor Relations
tel: +7 (095) 766-01-03
e-mail: ir@mts.ru |
These materials are not an offer for sale of the Notes in the United States. The Notes may not be sold in the United Sates absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Mobile TeleSystems OJSC does not intend to register any portion of the offering in the United States or to conduct a public offering of Notes in the United States. |
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