By Marisa Wong
Madison, Wis., Oct. 12 - JSC Sitronics placed RUB 3 billion of series BO-02 three-year bonds, according to a company news release.
The coupon was set at 10¾% per year for the first four semiannual coupon payments.
The bonds will be putable after two years.
Bank of Moscow and Moscow Bank for Reconstruction and Development are the joint lead managers.
Proceeds will be used to refinance the group's short-term debt.
The company said the bonds are listed on the Moscow Interbank Currency Exchange.
Sitronics is a Moscow-based provider of telecommunications, information technology and microelectronic solutions.
| Issuer: | JSC Sitronics
|
| Issue: | Series BO-02 bonds
|
| Amount: | RUB 3 billion
|
| Maturity: | 2013
|
| Underwriters: | Bank of Moscow and Moscow Bank for Reconstruction and Development
|
| Coupon: | 10¾% for first two years
|
| Price: | Par
|
| Put option: | After two years
|
| Announcement date: | Oct. 11
|
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