Russia's Sibirtelecom $90 million bond issue talked at 9% to 9½%

By Aaron Hochman-Zimmerman

New York, Feb. 20 - OAO Sibirtelecom (/B+) plans a $90 million bond issue with an expected coupon of 7.7%, according to a market source.

The bonds are expected to price at a discount, pushing the yield to between 9% and 9½%.

Pricing is expected shortly.

MDM Bank will act as the bookrunner for the deal.

Sibirtelecom is a Novosibirsk, Russia-based fixed-line telecom operator.

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