OREANDA-NEWS. August 29, 2014. Following the results of consideration of a request from Power Machines OJSC, MICEX Stock Exchange made a decision to assign identification numbers to the company’s exchange-traded bonds of the series БО-01 – БО-06 and to accept them for listing.

At the meeting of the Board of Directors of Power Machines OJSC held on June 23, 2014 a decision on placement of exchange-traded bonds and approval of issuing documents was adopted.

The company intends to place six issues of exchange-traded bonds of the series БО-01 – БО-06 on MICEX Stock Exchange. Within each issue, the number of exchange-traded bonds to be placed amounts to 5 million pieces.  Nominal value of each issue totals 5 billion roubles.
 
Offering price has been set equal to 1000 roubles per exchange-traded bond. Placement method is public offering.

Circulation period of the securities is ten years.  The possibility of early redemption of bonds at owners’ request and at issuer’s discretion is provided for.

The bonds have been issued with the aim of attracting funds to optimize existing credit portfolio, finance current operations and further the company’s development.