OREANDA-NEWS. On April 15, 2008 Sistema (LSE: SSA), the largest public diversified corporation in Russia and the CIS, which manages fast growing companies operating in the consumer services sector, announced that it has repaid its US\\$ 350 million Eurobond issue, reported the press-centre of Sistema.

The Eurobond issue was repaid upon its maturity in full using the Company's cash flows and previously obtained debt financing. The 5-year Eurobond issue was placed in April 2003 among a wide range of foreign investors. The proceeds of this issue were used to finance a number of acquisitions in Russia.