Sitronics Bonds Included in Bank of Russia Lombard List
OREANDA-NEWS. September 8, 2009. JSC SITRONICS (SITRONICS or the “Group”) (LSE: SITR), a leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, announced that its RUR 3 billion of outstanding bonds have been included in the Bank of Russia’s Lombard List, according to the decision of the Bank of Russia’s Board of Directors.
The inclusion of SITRONICS’ bonds in the Lombard List will allow SITRONICS’ current security holders to obtain refinancing of the Bank of Russia in the form of Lombard loans granted against collateral in the form of SITRONICS’ traded bonds. SITRONICS’ bonds are included in the “B” quotation list of the Moscow Interbank Currency Exchange (MICEX).
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