Russia's MTS to decide on Eurobond within 2 weeks

MOSCOW, June 8 | Tue Jun 8, 2010 6:33am EDT

MOSCOW, June 8 (Reuters) - MTS (MBT.N), Russia's top mobile phone operator, plans to make a decision on a Eurobond placement within the next two weeks, Chief Financial Officer said on Tuesday.

"The situation remains volatile, we will make a decision in within two weeks," Alexei Kornya told reporters.

According to sources, MTS has recently reopened the book on a 10-year U.S. dollar benchmark Eurobond after briefly postponing the deal in May, [ID:nLDE64N0KF] but has so far failed to price the issue. (Reporting by Anastasia Teterevleva; writing by Maria Kiselyova; editing by Toni Vorobyova)

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