MOSCOW—The biggest Russian carrier, Mobile TeleSystems (MTS), placed US$50 million of euro bonds.
The MFD-InfoCenter reported that the bonds will mature on 21 December, 2004, and the coupon yield is 10.95 percent annually.
The additional issue goes on the same terms as the main one in December 2001 when MTS placed its first euro bonds worth US$250 million to finance regional expansion.
Moody’s international rating agency rated MTS as Ba3. Standard & Poor’s raised MTS’ rating from B to B+ and gave the same B+ rating to the unsecured US$250 million bond issue.
