MTS looks for USD1 billion syndicated loan

20 Feb 2006

Russia’s mobile market leader Mobile TeleSystems (MTS) is in talks with banks to attract a syndicated loan facility in excess of USD1 billion, a source reported to AK&M. The transaction could be announced in two weeks, but the source declined to comment upon any further details of the proposed loan. MTS undertook a three-year syndicated loan for USD600 million in mid-2004, arranged by ABN Amro, HSBC, ING, Raiffeisen Zentralbank Oesterreich (RZB), Bank Austria Creditanstalt, Commerzbank and Barclays Bank.

Russia, Mobile TeleSystems (MTS)