OREANDA-NEWS. August 1, 2012. Mobile TeleSystems OJSC (“MTS” or "the Company" – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces the repurchase of the series 05 ruble-denominated bond in the amount of approximately RUB 13.2 billion.

The RUB 15 billion series 05 ruble-denominated bond with maturity on July 19, 2016 and a three-year put option was issued on July 28, 2009. The coupon was to be paid annually at the rate of 14.25%. On July 17, 2012, the Company changed the coupon rate to 8.75%.

The bond is part of the "A1" quotation list on the Moscow Interbank Currency Exchange since April 2010.

Gazprombank and VTB were Lead Arrangers of the bond. Gazprombank acted as the Repurchase Agent.