JSC FGC UES Fulfilled Obligations under Fifth Bond Issue in Full
OREANDA-NEWS. December 07, 2009. JSC Federal Grid Company of the Unified Energy System has paid the last – sixth coupon and the nominal value of series 05 bonds. Total amount paid to the bond holders equaled to RUR 5,158,782,000; coupon yield per one bond amounted RUR 35.90. Thereby JSC FGC UES has fulfilled its obligations under series 05 bonds in full.
Offering of RUR-denominated bonds of series 05 issued by JSC FGC UES took place on December 5th, 2006 on MICEX. The fifth bonded loan was issued for a term of three years; total par value of the issue amounted RUR 5 billion. Coupon rate was fixed in the amount of 7.2% per annum. 6 coupons paid under the bonds of series 05 totaled RUR 1,074,846,000.
In will be reminded that the decision on issue of securities of series 05 was made by JSC F GC UES Board of Directors on July 27th, 2006 (Minutes No 35 dated July 27th, 2006); at the same time the Board of Directors approved the Decision on the issue and the Prospectus of the issue of securities. On September 9th, 2006 the Federal Service of Financial Markets (FSFM of Russia) registered the Decision on the issue and the Prospectus of the issue of securities (the state registration number 4-05-65018-D).
On June 3rd, 2008 the nominal value of the Bonds of series 05 was paid in advance in the amount of RUR 20,000,000; the Bonds drawn were presented for redemption in accordance with para 6 of Article 15 of the Federal law “On Joint Stock Companies”.
Currently the bonds of series 02 and 04 for the amount of RUR 7 billion and RUR 6 billion, respectively, are circulating with a term of five years.
In 2008 JSC FGC UES paid to Bond holders the total amount exceeded RUR 8.88 billion. The sixth coupon (payment date - 24.06.2008) and the seventh coupon (payment date - 23.12.2008) of the Bonds of series 02; the fifth coupon (payment date – 13.06.2008) and the sixth coupon (payment date – 12.12.2008) of the Bonds of series 03, the third coupon (payment date – 10.04.2008) and the fourth coupon (payment date – 09.10.2008) of the Bonds of series 04, the third coupon (payment date – 03.06.2008) and the fourth coupon (payment date – 02.12.2008) of the Bonds of series 05 were paid for the total amount of RUR 1.86 billion. In addition, the nominal value of the third bonded loan was paid in the amount of RUR 7 billion; and the nominal value of the Bonds of series 05 presented for redemption in accordance with para 6 of Article 15 of the Federal law “On Joint Stock Companies” dated 26 December 1995 No 208-FZ was paid in advance in the amount of RUR 20 million.
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