MTS litmus test for primary EM

June 16, 2010 12:00 am

Russian telecom Mobile TeleSystems on Tuesday became a litmus test for emerging market primary issuance when it broke the drought of new deals with a $750m 10 year bond. Its secondary performance success may determine whether the market opens to new EM deals, or sneaks out early for its summer holidays. Read EuroWeek on Friday for market evaluation and what the deal means for the bulging pipeline.

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