OGK- 5 Four Billion Rubles Commercial Papers Successfully Placed
OREANDA-NEWS. On 03 August 2009 was announced, that OJSC Enel OGK-5 had successfully placed at MICEX commercial papers of the BО-01 and BО-02 series, each worth a total amount of 2 billion rubles, with 364 days maturity period.
During the auction 386 investor offers with coupon rate ranging from 10.0% to 15.25% p.a. were received. Total demand reached 17.8 billion rubles. The first coupon rate for each commercial paper was set at 12.2% p.a. The second coupon rate is equivalent to the first coupon rate. The coupon period is 182 days. The commercial papers were included in MICEX Quotation List A1.
The commercial paper issues were arranged by Gazprombank and Citibank.
Co-arrangers: Sberbank of Russia OAO, FK Otkritie, ZAO Gazenergoprombank, OAO Promsvyazbank, Bank GLOBEX, OAO AKB Eurofinance Mosnarbank, OOO IK VELES Capital, AKB MBRR (OAO), OAO BK Region, OAO TransCreditBank, OAO Uglemetbank.
Underwriters: OOO BCS Company, KB LOKO-Bank (ZAO), AB Orgresbank (OAO), OOO IKB Sovkombank, FK Uralsib, SC Deposit Insurance Agency, OAO BINBANK, OOO RONIN, OAO Bank ZENIT, UK OAO Bank ZENIT, OOO FK Megatrastoil, ZAO AKB Novikombank, OAO Rus-Bank, OAO Bank Sankt Peterburg, OAO Sobinbank, ZAO IFK Solid, OOO URSA broker, OOO IK Centr Capital.
“We believe that the positive response from the market – the demand at the auction exceeded the placement volume by 4.5 times – results from the acknowledgement of the strong performance of the Company, of its financial flexibility and of its value creation strategy as supported by the main shareholder,” – Dominique Fache, Enel Country Manager for Russia and CSI and Chairman of Enel OGK-5 Board of Directors, said.
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