Dega Retail Holding Lmt , acting on behalf of Mobile TeleSystems (MTS), has announced a tender for the purchase of $574.3 million in 8.625% MTS notes maturing in 2020, the company said in information for the Irish Stock Exchange.
The purchase price is $1,175 per note, face value $1,000 each.
MTS placed a total of $750 million in 2020 notes in 2010.
The deadline for tender offers is June 23, and the results will be announced on June 24.
JP Morgan and VTB Capital are managing the tender offer.
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