OGK-2 Intends to Buy Back the Bonds
OREANDA-NEWS. On 31 January it was announced, that OGK-2 intends to buy back the bonds of the first issue in the volume of 5bn rub. or 0.05% within an offer.
The holders disapproving the restructuring in the form of the merger with OGK-2 Holding set out the bonds worth 2.385mln rub.
The first issue of bonds in the volume of 5bn rub. was under placement in July 2007 through the open offering on MICEX (5mln pcs of 1ths rub. par).
The issue was arranged by a syndicate; co-arrangers involved VTB, Bank of Moscow, Alfa Bank, Mosnarbank, Credit Swiss, drezdner Bank, Reiffeisenbank etc.
OGK-2 was registered in 2005 to involve Pskovskaya, Serovskaya, Stavropolskaya, Surgutskaya and Troitskaya GRESs. The share capital is worth 26.48bn rub. split in 26480895818 common stocks of 1 rub. par; 80.9% are held by UES; 19.1% by minority.
The 9-month net profit rose 2.7 fold to 343.934mln rub. from 128.801mln rub.
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