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OJSC “Sibir Airlines” is conducting the second debenture issue

23.06.2008

The goal of the bond issue is refinancing the debt portfolio.

The decision on issue of the bonds was taken at the meeting of the Board of Directors of OJSC “Sibir Airlines” dated 19th June 2008.

The first issue of “Sibir Airlines” debenture was placed in July 2007. In January 2008 the 1st coupon payment on the non-convertible interest bearing documentary bearer bonds of OJSC “Sibir Airlines” was made. The total value of the payments made was 122,432,915.00 rubles. The next coupon payment as per conditions of the first debenture will take place in July 2008.

S7 Airlines is the largest airline on Russia’s domestic routes and one of the world’s top 50 in this segment.

In 2007 the company received the official IATA notification about the airline’s certification in that organization, becoming the second carrier in Russia to successfully pass the full procedure of international audit on operational safety standards, IOSA (IATA Operational Safety Audit).

S7 Airlines is one of Russia’s most stable airlines, incorporating the latest achievements of the world industry in the servicing of passengers and actively expanding its service. S7 Airlines won the annual national “People’s Brand /Brand No.1 in Russia” prize in 2007.


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