OREANDA-NEWS. Mobile TeleSystems PJSC (NYSE:MBT; MOEX: MTSS), the leading telecommunications provider in Russia, Central and Eastern Europe, announces the redemption of its series 02 ruble-denominated bond in the amount of RUB 10 billion.

The RUB 10 billion series 02 ruble-denominated bond with maturity on October 20, 2015, was issued on October 28, 2008, with an 18 month put option.

The coupons were to be paid semiannually at the rate of 14.01%. On April 14, 2010, MTS set a new 7.75% coupon rate for the coupon payments to be made on the series 02 ruble-denominated bond until maturity. On April 20, 2010, MTS repurchased outstanding notes of the bond in the amount of approximately RUB 6.3 billion.

On July 08, 2011, the Company completed the secondary placement of the series 02 bond raising approximately RUB 6.3 billion. The bond issue was priced at 100.35% of the face value

Gazprombank, VTB and Sberbank CIB were Lead Arrangers of the bond. Gazprombank acted as Lead Arranger and Placement Agent of the secondary bond issue.

The bond has been part of the "A1" quotation list on the Moscow Exchange since April 2010.