By Marisa Wong
Los Angeles, April 25 – Mobile TeleSystems PJSC (MTS) announced the issuance of RUB 10 billion of exchange-traded series 001P-19 bonds with a tenor of three years and a coupon 11.69%.
The nominal price of the bonds is set at RUB 1,000, the coupon period at 91 days and the placement price at par, according to a press release. The book-building to determine the coupon took place on April 22.
The technical placement of the bonds will be held no later than May 13 on the Moscow Exchange (MOEX).
BС Region acted as lead bond arranger and issuer.
The company intends to use the funds for general corporate purposes and optimization of its debt portfolio.
MTS is a Moscow-based mobile operator and provider of media and digital services.
| Issuer: | Mobile TeleSystems PJSC
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| Issue: | Exchange-traded bonds, series 001P-19
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| Amount: | RUB 10 billion
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| Tenor: | Three years
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| Arranger: | BС Region
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| Coupon: | 11.69%
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| Pricing date: | April 22
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| Placement date: | May 13
|
| Listing: | Moscow Exchange
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