OREANDA-NEWS. On 24 February 2009 Sibirtelecom announced a public tender for the right to sign an agreement on the arrangement and placement of its issues of tradable bonds.

The starting (highest) price of the agreement is Rub 10 mln, excluding VAT.

The deadline for bidding is February 12, 2009 through March 4, 2009.

The tender will be held on March 6, 2009.

The proposed parameters of the bond placement are as follows:

The total nominal value of the exchange-traded bond issues equals Rub 4 bln.

The nominal value of the exchange-traded bond is Rub 1,000.00.

The form of the issue: interest-bearing documentary exchange-traded bonds pay-to-bearer with mandatory centralized custody, denominated in the currency of the Russian Federation.

The placement period is 2009-2010.

The bonds will be placed via public subscription.

The plan is to allocate the proceeds to be raised from the bond placement to the implementation of the operator’s investment program and refinance debt obligations.