ALEXEY KORNYA'S PRESENTATION AT THE ADAM SMITH CONFERENCES' CFO SUMMIT IN MOSCOW

Tuesday, November 09, 2010

On October 27, 2010, Alexey Kornya, Vice President and Chief Financial Officer of MTS, presented at the 7th Annual Russian CFO Summit hosted by the Adam Smith Conferences in Moscow. In his presentation, Alexey provided an overview of MTS’ policies aimed at optimization of the debt portfolio.  He highlighted the fact that the average cost of debt has been reduced from 11.2% in September 2009 to 8.4% in October 2010 while the average maturity of the loan portfolio has been increased from 3 to 5 years (slide 14 in the attached presentation). In line with the Company’s preference for ruble denominated debt the currency structure of liabilities has been rebalanced. According to Mr. Kornya, by the end of 2010 the foreign currency denominated debt will constitute less than 30% of the Company’s liabilities (slide 15).

A PDF version of the presentation (in Russian) can be found below for review.

 Adam Smith Conferences Presentation

Tags: , ,

blog comments powered by Disqus

Recent Tweets

Follow me, Josh Tulgan, MTS Director for Corporate Finance and Investor Relations, on twitter

Twitter June 21, 14:24
Hey everyone! We have established a new account - @MTS_IR - which will serve as the official mouthpiece for #MTS… https://t.co/cIQfxnxt5e

Twitter June 21, 09:32
RT @MTS_IR: #MTS to sell #E-health services in North-Western #Russia $MTSS $MBT #MTSgoesdigital https://t.co/gDEL7G5bfN

Twitter June 20, 22:00
BB Stable from S&P $MTSS $MBT https://t.co/nFX9VFJr8b

Twitter June 16, 14:15
RT @MTS_IR: #MTS launched EasyStart solution to motivate small business using online cash registers to cut costs and comply with new regula…

Twitter June 13, 22:58
RT @MTS_IR: 🏆 Moscow is #2 among European cities in integration of #SmartCities solutions in urban life and #1 in terms of readiness of cit…

Note: For Customization and Configuration, CheckOut Recent Tweets Documentation