Moscow, Russian Federation – MTS PJSC (“MTS” – NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, announces that it has successfully completed the placement of Series 001P-05 and Series 001P-06 exchange-traded bonds totaling RUB 20 bln on the Moscow Exchange (MOEX).

The Series 001P-05 bond issue in the amount of RUB 10 bln was placed with a semi-annual coupon rate of 7.10% and a maturity of 3.5 years. The Series 001P-06 bond issue in the amount of RUB 10 bln was placed with a semi-annual coupon rate of 7.25% and a maturity of 7 years. The nominal price of the bonds is set at RUB 1,000, the coupon period - 182 days, the placement price – 100% of nominal value.

The book building took place on March 1, 2018. The initial coupon range for the Series 001P-05 bond issue was set at 7.25-7.40% and for the Series 001P-06 bond issue – at 7.40-7.60%. In the course of book building investors submitted over 60 applications for a total value of RUB 50 bln, which allowed to decrease twice the coupon range with the final rates set at 7.10% for the Series 001P-05 bond issue and 7.25% for the Series 001P-06 bond issue.

Alexey Kornya, Vice President for Finance, Investments, Mergers & Acquisitions, MTS, commented:

"The results of this placement once again underline MTS’ high credit quality, our strong financial and operating results, as well as our leading position in the market. The 7.10% coupon rate set for the Series 001P-05 bond issue is a record-low rate among non-financial issuers, which have come to market in recent years, in the real sector of the Russian economy."

The lead arrangers of the bonds were BCS GM LLC, Raiffeisenbank JSC and Russian Agricultural Bank JSC.

The raised funds will be used for further optimization of MTS’s debt portfolio and other corporate needs.

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For further information, please contact in Moscow:

Joshua B. Tulgan
Director, Department of Corporate Finance and Investor Relations
Mobile TeleSystems PJSC
Tel: +7 495 223 2025
E-mail: ir@mts.ru