MOSCOW/LONDON: MTS, Russia's top mobile phone operator, has resumed a placement of 10-year Eurobonds, which was originally planned for last month, three sources told Reuters on Tuesday.
The issue, which had been postponed due to the market volatility, drew in $1.5 billion in bids, but the maximum deal size was capped at $750 million, a financial market source said.
Another source said the bond would be placed with a yield of 8.875 percent and the final pricing would take place later on Tuesday.
MTS declined comment.