www.WirelessFederation.com/news: MTS, the Russian mobile operator, is seeking a 8.5 year syndicated loan of up to $1 billion at LIBOR plus 35 basis points.
The banking sources reveal that MTS had mandated Calyon, ING, Raiffeisen and Nordic Investment Bank (NIB). A spokeswoman for MTS said the mandate has been issued by declined to give any detail. She said the loan agreeement may be signed in the autumn.
The sources further unveil that MTS also intended to use the funds to buy telecoms equipment from Swedish Ericsson and the loan will be guaranteed by Sweden’s Export Agency.