Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” or "the Company" – NYSE: MBT), the leading telecommunications provider in Russia and the CIS, announces that MTS has been awarded at the 4th CIS-EU Legal Forum: Eurolawyer 2011 in the category CIS Legal Department of the Year: Best Work in Obtaining Financing on Capital Markets.
The Eurolawyer Awards 2011, held in London on June 02, 2011, is an annual award ceremony for leading CIS and European legal departments that have distinguished themselves in various areas of international legal practice. The jury is composed of general counsels of major Russian and international corporations and partners from the top international law firms.
This award recognizes contribution of the MTS legal team to securing financing on capital markets through credit agreements and issuance of bonds in 2010.These included a credit agreement with the Bank of Moscow in the amount of RUB 22 billion (USD 730 million), a credit agreement with Sberbank to open two non-revolving lines of credit for a total amount of RUB 100 billion (USD 3.3 bln.), issuance of Eurobonds in the amount of $750 million that were listed on the Irish Stock Exchange and placement of ruble-denominated bonds totalling RUB 25 billion (USD 830 million).
Ruslan Ibragimov, MTS Vice President for Corporate and Legal Matters, commented, “We are delighted to receive this award that recognizes excellence of the MTS legal team in managing complex high-profile capital markets projects. The transactions were unique both in terms of volume and their innovative nature. Working seamlessly with the MTS corporate finance team we secured financing on the most favourable terms.”
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For further information, please contact in Moscow:
Joshua B. Tulgan
Director, Investor Relations
Acting Director, Corporate Finance
Department of Investor Relations
Mobile TeleSystems OJSC
Tel: +7 495 223 2025
Learn more about MTS. Visit the official blog of the Investor Relations Department at www.mtsgsm.com/blog/