RUR100bn in exchange bonds of RAO UES registered on MICEX
April 22, 2011
Series BO-01 - BO-16 exchange bonds of RAO UES of Russia have been admitted for trading during placement, the MICEX said in a statement. The issues totalling RUR100bn were assigned identification numbers 4B02–01-33498-E , 4B02–02-33498-E, 4B02–03-33498-E , 4B02–04-33498-E, 4B02–05-33498-E , 4B02–06-33498-E , 4B02–07-33498-E, 4B02–08-33498-E, 4B02–09-33498-E, 4B02–10-33498-E, 4B02–11-33498-E, 4B02–12-33498-E, 4B02–13-33498-E, 4B02–14-33498-E, 4B02–15-33498-E , 4B02–16-33498-E dated 20.04.2011.
The board of directors of RAO UES approved a RUR100bn bond issuance. The company plans to sell Series BО-01-BО-10 exchange bonds worth RUR5bn per issue; Series BО-11-BО-14 exchange bonds worth RUR7.5bn per issue; Series BО-15 - bО-16 worth RUR10bn per issue. Par value per bond is RIR1,000. The proceeds will be used for funding the company’s working capital, for general corporate purposes and for refinancing of outstanding debt.
Company — RAO UESR
Full nameOpen Joint Stock Company RAO UES of Russia