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MTS to sell up to $750 mn eurobond

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CIOL Bureau
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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.

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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.

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