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MTS cuts 1st coupon guide for two 10 bln rbl bond issues – PRIME

March 01, 2018 | Prime

Major Russian mobile operator MTS has again reduced guidance for the first coupon of two exchange bond issues totaling 20 billion rubles, a banking source said on Thursday.

The coupon guidance for the 3.5-year bonds was cut to 7.10–7.15% annually with a yield to maturity of 7.23–7.28% annually. It was earlier reduced to 7.15–7.25% with a yield of 7.28–7.38% from 7.25–7.40% with a yield of 7.38–7.54%.

The coupon guidance for the 7-year bonds was cut to 7.25–7.30% with a yield of 7.38–7.43%. It was earlier reduced to 7.30–7.40% with a yield to maturity of 7.43–7.54% annually from 7.40–7.60% with a yield of 7.54–7.74%.

The bonds carry semi-annual coupons. The technical placement is scheduled for March 7.

BCS GM, Raiffeisenbank, and the Russian Agricultural Bank will act as organizers of the placement.

MTS intends to sell bonds to receive money for debt refinancing and general corporate purposes.

Issue: Mobile TeleSystems (MTS), 001P-05

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingRussia09/01/202110,000,000,000 RUB-/-/-

Company: Mobile TeleSystems (MTS)

Full company nameMobile TeleSystems (MTS) open joint stock company
Country of riskRussia
Country of registrationRussia


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