print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all ROSSETI press releases

ROSSETI

November 27, 2015

PJSC ROSSETI placed seven-year exchange bonds worth a total of RUR 10 billion

November 27, 2015, PJSC Rossetti completed placement of exchange bonds of BO-05 series with total nominal value of RUR 10 billion with a term of up to 7 years and possibility of early redemption by the decision of the issuer after 4 years from the date of placement. The bond issue was placed in full. 
PJSC ROSSETI ÁÎ-05 series exchange bonds order book was closed on November 20, 2015. At the end of the marketing, PJSC ROSSETI exchange bonds coupon rate was determined in the amount of 11.25%. 
Placement of PJSC ROSSETI ÁÎ-05 exchange bonds took place in CJSC MICEX Stock Exchange on November 27, 2015. 
The offering was arranged and underwritten by: JSC Gazprombank.  
"In the current environment we were able to choose the most opportune moment for the offering. As a result, PJSC ROSSETI bonds were set with the lowest coupon rate among the placements undertaken in 2015, first-class corporate for a period of more than 5 years. 
The structure of issuance for a period of 7 years before offer and a call option after 4 years enables fixing the rate for a long period, but at the same time provides an opportunity to repay the bond issue early in case of a significant reduction in rates in the future. 
Thanks to the work done we were able to attract long-term funding for the needs of the power grid complex. PJSC ROSSETI bonds set coupon rate is significantly lower than the rates offered by banks on loans. Savings in interest for the ROSSETI Group will be about RUR 500 million, which is another confirmation of the effective work carried out by the management of PJSC ROSSETI - Deputy General Director for Finance Yegor Prokhorov said. 

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer