OREANDA-NEWS. July 24, 2007.The rate of the first coupon on Sibir Airlines' series 01 bonds has been set at 10.7 percent per year.

As stated in the company's press release, the total amount of interest payable on the first coupon will reach RUR122.705m (approx. USD4.83m), or RUR53.35 (approx. USD2.10) per bond.

Sibir Airlines is placing 2.3m bonds with a par value of RUR1,000 (approx. USD39.39) by public subscription today, with proceeds to total RUR2.3bn (approx. USD91m). The bond issue's maturity is 1,820 days. The rate of the second and third coupons is equal to that of the first one.