Russia's Sistema-Hals slates April 21 for RUR 2 billion bond offering

By Jennifer Chiou

New York, April 16 - Sistema-Hals JSC announced that its placement of RUR 2 billion of bonds is scheduled for April 21.

The bonds will mature in 2014.

OOO Renaissance Capital is the lead manager.

On April 14, the company completed a RUR 3 billion placement of 15% bonds due 2014 at par with ZAO Raiffeisenbank as lead manager.

Proceeds will be used to restructure the company's debt.

Moscow-based Sistema-Hals is a real estate development, asset management and facilities management company.

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