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Sukhoi places debut $192 mln bond issue

MOSCOW, March 29 (RIA Novosti) -- Sukhoi Civil Aircraft (SCA), a subsidiary of the Sukhoi holding state-owned plane manufacturer, said Thursday it has placed a 5 billion ruble ($192 million) debut bond issue.

The company said the interest rate of the first coupon was set at 7.85% a year.

It said the issue comprises 5 million bonds with a face value of 1,000 rubles (about $37) each, with a 10-year maturity and 20 half-year coupons.

SCA said earlier today Russia's Rossiya and Aeroflot-Nord airlines are expected to order a further 24 Sukhoi SuperJet 100 aircraft.

The SuperJet 100 is scheduled to make a maiden flight in the fall of 2007, and static tests are underway now.

Sukhoi said March 20 it will start delivering SuperJet 100 aircraft to the country's largest air carrier Aeroflot [RTS: AFLT] by late 2008.

Earlier, it was reported that Aeroflot was planning to buy 50 of the aircraft.

The Sukhoi SuperJet-100 belongs to a series of RRJ (Russian Regional Jet)-type planes, with a seating capacity of 60 to 95, which is being developed by Sukhoi, NPO Saturn, Snecma and Boeing.

The RRJ market is estimated at 5,400-5,600 until 2023, which amounts to around $100 billion in sales. Sukhoi plans to make at least 700 SuperJet-100 planes, with the first six planes due later this year.

According to forecasts, 35% of the aircraft could be sold in North America, 25% in Europe, 10% in Latin America, and 7% in Russia and China.

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