OREANDA-NEWS. On 03 July 2008 JSC SITRONICS (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS, announced that INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, has signed a EUR150 million bond loan agreement arranged jointly by Alpha Bank, HSBC, Geniki bank, National Bank of Greece and Piraeus Bank.

The proceeds of the loan will be used to refinance existing bank indebtedness of INTRACOM TELECOM and also to finance the company's development plans which mainly include investments for undertaking new projects and its expansion to new markets.

Alpha Bank acted as Lead Arranger, HSBC and Geniki Bank acted as Co-Lead Arrangers, National Bank of Greece and Piraeus Bank acted as Arrangers and E.F.G. Eurobank, FBB, Aspis Bank and Millennium Bank acted as Managers.