Tatenergo Generating Company ready to launch bonds
June 20, 2007
Generating Company included into Tatenergo Holding is going to launch the 3-year bonds in the volume of 2bn rub., the company informed in line with the decision made at the annual meeting.
This transaction exceeds 7% of the assets value. Zenit Bank is an arranger; the rate being set at 8.2-8.6%.
The medium term investment program till 2009 is directed to launch the new capacities based upon the advanced technologies including the gas turbine sets. Within the program 350 MW of new capacities should be launched in operation.
Along with Grid Company and Dispature Center, GC Tatenergo was removed from Tatenergo within the restructuring in 2001. The share capital is worth 6316.35mln rub. split in common stocks of 0.5 rub. par. Tatenergo is a sole holder. The 2006-output reached 24.86bn kWh and 31.5mln Gcal.
Company — Tatenergo