30 Mar 2011 07:07
Federal Grid Company paid the first coupon on bonds of 06, 08 and 10 series
Moscow, 29 March 2011 - Joint Stock Company "FGC UES" ("Federal Grid" or the "Company") paid the first coupon on bonds of 06, 08 and 10 series. The total sum paid to bondholders is RUR 1 099.4 bln. The coupon per one bond of 06 and 08 series is RUR 35.65 and RUR 38.64 per one bond of 10 series.
The placement of Federal Grid's bonds denominated in rubles was made on September 28th , 2010 on MICEX.
The volume of 06 and 08 series totaled RUR 20 bln (RUR 10 bln. each issue) with 3-years put-option. The coupon rate was set at 7.15 % p.a. level. Bonds of 10 series were issued on RUR 10 bln with 3-years put-option and 7.75 % p.a. coupon rate.
The decision to issue bonds of 06, 08 and 10 series was adopted by the Company's Board of Directors on September 21st, 2009 (Minutes №89). ). At the same date the Board of Directors approved the Issue Decisions and the Prospectus of securities.
The Federal Service for Financial Markets (FSFM) registered the Issue Decisions and the Prospectus of securities of Federal Grid Company on November 05th, 2009 (the state registration number 4-06-65018-D, 4-08-65018-D, 4-10-65018-D).
Currently, Federal Grid's 10-years maturity bonds on the total amount of RUR 56 bln are outstanding.
Contacts
| ||
Investors | ||
Alexander Duzhinov | + 7 (495) 710-90-64 | +7 (916) 041-80-53 |
Media | ||
Ekaterina Dobrogorskaya | +7 495 710 8239 | +7 916 372 4393 |
College Hill - International Media | ||
Leonid Fink | +44 (0)20 7457 2015 | +44 (0)7 837 67 4444 |
Simon Whitehead | +44 (0)20 7457 2072 | +44 (0)7 881 78 3372 |
About Federal Grid
Federal Grid's business is to provide electricity transmission services to the Russian energy market. It maintains and develops the grid system and supervises grid facilities and infrastructure. Its customers are regional distribution companies, retail electricity supply and large industrial enterprises. The Company operates in an exclusive, competition free environment, and is regulated by the Government of the Russian Federation.
The Company's revenue is mainly driven by the electricity transmission tariff set by the Regulator, the Federal Tariff Service. From 1 January 2010 a new RAB (Regulatory Asset Base) tariff framework, designed to stimulate investment and operating efficiency, has been introduced.
Further information can be found at www.fsk-ees.ru/eng
Neither the content of the Company's website nor the content of any other website accessible from hyperlinks on the Company's website is incorporated into, or forms part of, this announcement.