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Russian phone giant goes for Eurobonds.(Business News)

UPI NewsTrack

| January 17, 2005 | COPYRIGHT 2004 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MOSCOW, Jan. 17 (UPI) -- Russia's largest cellular provider plans to issue up to $300 million in Eurobonds this month, Interfax news agency reported Monday.

Mobile TeleSystems investor relations director Andrei Braginsky confirmed the placement plan but said the amount would only be announced after investors are notified, Interfax said.

The report quoted sources at the two lead banks handling the issue - Credit Suisse Bank Boston and Goldman…

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