OREANDA-NEWS. July 01, 2010. 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 it has placed RUB 2 billion non-convertible interest-bearing series BO-01 three-year bonds with a put option exercisable in two years following the fourth coupon payment. The annual coupon rate was set at 11.75% for the first four semi-annual coupon payments. The proceeds will be used to refinance the Group’s short-term debt.

JSC Bank of Moscow acted as organiser and underwriter of the issue. The bonds are listed on the Moscow Interbank Currency Exchange (MICEX).