 |
News
July 22, 2011
IFC Metropol acted as a leading co-organizer of the latest bond issue by FGC UES
IFC Metropol acted as a leading co-organizer of the latest issue
of bonds series 19 by OJSC FGC UES, amounting to 20 billion roubles
and maturing in 7 years. The issue was successfully accomplished on
July 21, 2011. According to the MICEX Trading System, some 58 deals
with the bonds were recorded on the day of issue.
The transaction aroused great interest in the investment community,
namely: at the close, the bookbuilding was oversubscribed more than
twofold as compared to the initially planned flotation value. The
pool of investors includes banks (70%), investment companies (26%),
and management companies (4%).
The final coupon rate when placing the issue was 7.95%, i.e. 25
basis points lower the initially announced cap of the benchmark as
per the coupon rate, and 4 basis points lower the coupon rate for
the previous 7-year bond issue by FGC UES placed on October 29,
2010.
Placement of the bond issue made the second successful transaction
conducted by OJSC FGC UES in this month: on July 5, the company
accomplished a bond issue amounting to 10 billion roubles and
maturing in 10 years, in which IFC Metropol acted as a leading
co-organizer.
Organizers of the transaction: Renaissance Capital, Gazprombank,
VTB Capital, and Sberbank of Russia. Leading co-organizers: IFC
METROPOL and OJSC JSCB Svyaz-Bank. Co-organizer: CJSC GLOBEXBANK.
Underwriter: LLC CB National Standard. OJSC FGC UES was established
pursuant to the RF Electric Power Industry Restructuring Program as
an organization to operate the Unified National Electric Grid
(UNEG). Main activities are: operation of UNEG; provision of
services to the wholesale market entities for electric power
transmission and connection to the electric grid; investment
activity in the development of UNEG, maintenance of the electric
grid in a proper condition; engineering supervision of the state of
the network facilities. In 2010, electric supply from the UNEG
networks totaled 470,648,072 million kWh. OJSC FGC UES is a member
of the corporate bond market. Prior to the issue of bonds series
13, bonds series 02 and 04 amounting to 7 billion and 6 billion
roubles respectively and maturing in five years were in
circulation.
Investment and Financial Company METROPOL was founded in 1995. It
performs broking, provides services to participate in deals for
rearrangement, purchase and sale, crisis management of enterprises,
procurement of debt and equity capital, asset sales, and financial
and corporative consulting. The company enjoys a solid experience
in public (IPO, SPO) and private placement of securities. IFC
METROPOL’s individual rating given by National Rating Agency is AAA
(the highest reliability).
 To the news list
 Add to my notes
 My notes
 Print version
|
