MTS to issue bonds

Mobile TeleSystems (MTS) will place international bonds totaling $400m with a five-year maturity, Andrey Braginsky, the director of the MTS investment department, told RosBusinessConsulting. The organizer of the issue is the investment bank Credit Suisse First Boston. The date of the placement will be defined after meetings of MTS executives with investors in the USA and Europe next week.

Mobile TeleSystems is the largest mobile operator in Russia, which services more than 6m mobile subscribers.

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