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Southern Telecom plans 10 bln rbl bonds


MOSCOW, Jan 26 (Reuters) - Russian regional fixed-line telecom operator Southern Telecom said on Monday it plans to issue 10 billion roubles' ($304 million) worth of bonds in 2009-2010.
The fundraising will be split into seven issues, including three 2-billion-rouble and four 1-billion-rouble bonds. All bonds will have maturity of up to 12 months.
The company said it would choose the issue organiser at an open tender on Feb. 17, 2009.
Southern Telecom, known by its Russian acronym UTK, is the leading fixed-line operator in the south of Russia. It is controlled by national telecoms holding company Svyazinvest.

(Reporting by Yelena Fabrichnaya; writing by Maria Kiselyova; Editing by David Cowell) ($1=32.89 Rouble) Keywords: SOUTHERNTELECOM/BONDS ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it , +7 495 775 12 42, Reuters Messaging: This e-mail address is being protected from spambots. You need JavaScript enabled to view it )

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