Moscow, Russian Federation — 24 December 2001 — Mobile TeleSystems OJSC (“MTS”) has issued a USD 250 million three-year Eurobond through its wholly owned subsidiary Mobile TeleSystems Finance S.A.
The 10.95% notes, guaranteed by MTS, were issued at 99.254% and mature on December 21, 2004. The notes are listed on the Luxembourg Stock Exchange. The proceeds will be used for general corporate purposes, including acquisitions.
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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