Mobile TeleSystems Public Joint Stock Company announced that the Company’s subsidiary MTS Bank has marked a major financial milestone with the issuance of its first bonds in the amount of RUB 5 bn. The technical placement of the series 001P-01 bonds, which have a maturity of 2 years and a coupon of 7.45%, was successfully completed on the Moscow Exchange. The book building held on May 20 was heavily oversubscribed, with more than RUB 12 billion in orders submitted by a wide variety of parties — both fixed-income institutional funds as well as retail investors. The coupon range initially marketed as 7.65-7.85% was reduced several times during the book building by a total of 40 basis points and the initially announced volume was increased from RUB 3 to 5 billion. The bonds have been included on MOEX’s Level 1 Quotation List, have a nominal price of RUB 1,000, a coupon period of 182 days, and a price of placement at 100% of nominal value. Lead arrangers were Raiffeisen bank, REGION Broker Company, Credit Bank of Moscow, MTS Bank, Sovcombank, SOLID Financial & Investment Company, and UNIVER Investment Group.