18 May 2010 16:10

MTS plans to place 10-yr Eurobonds; yield over 8% - source

MOSCOW. May 18 (Interfax) - Mobile TeleSystems (MTS) plans to place 10-year Eurobonds, a source in financial circles told Interfax.

"According to information from the issue organizers, the company wants to do a long deal. The company wants to place 10-year securities in one tranche," the source said.

The yield on the bonds could be in excess of 8% annually, he said.