Rus News Journal

the Company " MTS " has involved the three-year syndicated credit at a rate of $600 million

Open Society " Mobile Telesystems " (MTS) has involved the syndicated credit at a rate of $600 million. The corresponding agreement has been signed past Thursday, SPK in a press - release " MTS ".

the Annual interest rate under a loan makes LIBOR plus of 2,5 %. Loan term - three years.

the authorised organizers of a loan are ABN AMRO Bank, HSB˝ Bank, ING Bank, Raiffeisen Zentralbank Oesterrei˝h AG, Bank Austria ˝reditanstalt AG, ˝ommerzbank Aktiengesells˝haft and Bar˝lays Bank.

the Company " MTS " has given the commission ABT the organisation of the syndicated loan in July, 2004, and for today the syndicate unites 24 international financial institutions. In the end of July " MTS " has RCVed $200 million from the loan total sum, remained $400 million it is planned to RCV not later than December.

In a MSG it is noticed that originally the company planned to involve $500 million, " however from - for 20 - percentage excess of demand over the offer the volume has been increased B4$600 million ".

loan Means will be used 4 refinancing of a part of existing debts of the company, and also on obshchekorporativnye needs.

" this loan is perfect possibility to involve essential financial assets on very favourable conditions " - are resulted in a press - release of a word of the vice-president under investments and corporate development " MTS " Tatyanas Evtushenkovoj.