April 28, 2012
IFC METROPOL acted as a leading co-organizer in the regular issue of bonds by FGC RPG.
IFC METROPOL acted as leading co-organizer of the 12th issue of
OJSC UES FGC bonds amounting to 10 billion roubles with a 7-year
maturity and an offer in 4 years. The placement of the bonds
took place on April 27, 2011.
By the time of book closing the demand from investors exceeded
the volume of placement 1.4 times. The investors' pool included
banks, investment companies and management companies.
Tentative rate of the 1st coupon was originally set in the range
of 8,2-8,4% per annum, then it was brought down to 8,1-8,2% per
annum. The final reference point corresponds to a yield of
4-year offer at the rate of 8,26 to 8,37% per annum.
In June, 2011 Federal Financial Markets Service registered the
issue of bonds of FGC EES of series 12-20 for a total amount of 125
billion rubles. In these issues IFC METROPOL
participated as the lead co-organizer. Given the volume
of new issue the scope of the bonds of FGC EES in circulation will
increase up to to 115 billion rubles.
Funds received as a result of such issue can be used to finance the
investment program of FGC EES, as well as to refinance previous
The transaction was organized by the Renaissance Capital Bank,
Gasprombank, VTB Capital and Sberbank of Russia. IFC METROPOL was
the leading organizer of the transaction.
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Federal Grid Company EES OJSC (FGC EES) is the operator of the
Unified National (All-Russia) electric grid (UNEG) in Russia.
Transmission facilities of the Federal Grid Company are located in
73 regions of Russia with a total area of more than 13.6 million
square kilometers. The company operates 121 thousand
kilometers of transmission lines and 800 power substations with a
total installed transformer capacity of more than 305.5 thousand
MBA with 35-1150 kV voltage. The authorized capital of FGC
EES amounts to 627 billion 974 million 064 thousand 196 rubles 50
kopecks and is divided into ordinary shares with par value 0.5
rubles. The state’s stake as of that date makes up 79.48%, the
unified stake owned by minority shareholders (470 thousand) -
20.52% shares of FGC.
Investment and Financial Company METROPOL was founded in 1995. It
provides brokerage and dealer services in the markets of debt and
equity capital, renders services in corporate finance including
M&A, as well as in raising debt and equity financing, sale of
assets, financial and corporate consulting. The National
Rating Agency awarded IFC METROPOL with an "AAА", its maximum
ranking for reliability. IFC METROPOL is a laureate of the National
award “Company of the year of 2011” in the “Financial company
of the year” nomination.
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