Source: MTS raises bond issue with variable coupon to 25 bln rbl

MOSCOW, Oct 20 (PRIME) -- Russian mobile operator MTS has raised the volume of its 4-year exchange bonds with a variable coupon to 25 billion rubles from 15 billion rubles, a financial source told PRIME on Friday.

The quarterly coupon is linked to the RUONIA rate. The final coupon guidance is set at a premium to RUONIA of 125 basis points against the earlier no more than 150 basis points.

The preliminary technical date of placement is scheduled on October 31.

Brokerage company Region, BCS CIB, Gazprombank, DOM.RF, Sinara Bank, and Russian Agricultural Bank will act as the organizers.

(97.3074 rubles – U.S. $1)

End