Runner up – best corporate borrower: Mobile Telesystems

Of the other international corporate deals launched from the region this year, there were a couple of distinctive transactions. The controversial €800 million ($736 million) bond issued last October by Poland’s state-owned utility company PGNiG, the largest-ever euro-denominated corporate bond from the region, won Euromoney’s corporate deal of the year for 2001 (see February 2002 issue). However, for astuteness in its overall borrowing, Russian mobile operator MobileTelesystems (MTS) deserves a special mention.

It was widely predicted that after Rosneft’s issue in November, investor demand would remain dented for some time.