Source: MTS cuts 15 bln rbl bond coupon guidance to 7.7–7.85%

MOSCOW, Nov 1 (PRIME) -- Major Russian mobile operator MTS has reduced the guidance for the first coupon of 15 billion ruble 5-year exchange bonds to 7.7–7.85% annually from 7.85–8%, a banking source said on Wednesday.

The new guidance corresponds to a yield to maturity of 7.85–8% annually as compared to 8–8.16% previously. The bonds carry semi-annual coupons.

Technical placement is preliminarily scheduled for November 9. Gazprombank and Sberbank CIB act as organizers.

MTS will spend the raised money to refinance current debt and for corporate aims.

(58.1179 rubles – U.S. $1)

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