OREANDA-NEWS. On 25 March 2008 was announced, that "Sibirtelecom" OJSC plans to place the next issue of bonds for 2 bln rubles in August of 2008.

The estimated parameters of the issue of 08-series bonds of "Sibirtelecom" OJSC (hereinafter referred to as the Company) are as follows: documentary inconvertible interest-bearing owner bonds, hold in obligatory centralized custody, issue at par – 2 bln rubles, with par value of 1 thousand rubles,  a period of circulation - not less than 5 years, a way of placing -  public offering.

The funds received after the bond issue is placed will be used for financing of the Company’s investment program and for refinancing of previous debts.

On March 11, 2008 the Tender Committee of "Sibirtelecom" OJSC announced the winners in the open tender for the right to make contracts for providing services of a financial consultant and a manager for bond placing. "Investment Company "TatInC" CJSC, city of Kazan, will act as a financial consultant for the bond issue. "Promsvyazbank" OJSC, city of Moscow, will operate as a manager for bond placing.