OREANDA-NEWS. On July 25, 2008 Sistema-Hals JSC (LSE, MICEX: HALS), one of the leading diversified companies on the real estate market of Russia and the CIS, announced that its Board of Directors had approved the documents and offering memorandum for an issue of ruble bonds, reported the press-centre of Sistema-Hals.

The Board also agreed to submit these documents to the Russian Federal Financial Markets Service (FFMS) for registration.

The company plans to issue RUB 5 billion in bonds (RUB 3 and 2 billion respectively) with a maturity period of 5 years. The issue is being organised by ZAO Raiffeisenbank and Renaissance Capital - Financial Consultant LLC.

The Board of Directors will pass separate resolutions on the bond offering and the date of the issue.