OREANDA-NEWS. May 7, 2007.  LLC EnergoStroyFinans (a division of IES-EnergoStroyEngineering, part of IES-Holding) plans to float a bond loan in the amount of 1,500,000,000 (one billion and five hundred million) rubles.

The bonds will be floated through open subscription at the MICEX stock exchange. The bond issue is organized by the KIT Finans investment bank (OJSC) и NOMOS-BANK (CJSC).

The finances raised through floating the bond loan will be used for development of enterprises of IES-ESE, including implementation of common investment programs, upgrade and enhancement of the production facilities of the enterprises, and refinancing of the loan portfolio. In addition, by floating the debut bond loan the company intends to start forming its public credit history.

The company plans to issue 1,500,000 (one million and five hundred thousand) inconvertible interest-bearing certified unregistered bonds with the mandatory centralized storage, series 01 and nominal price 1,000 (one thousand) rubles each. The maturity period of the bonds is 4 years and the coupon period is 6 months. The loan is secured by CJSC IES-EnergoStroyEngineering, OJSC Noyabrskelektrosetstroy, and OJSC Zapsibelektrosetstroy.