The total volume of Series BO-01 – BO-04 amounting to 15 bln RUB.
On March 12, 2014, MICEX Stock Exchange, CJSC decided on inclusion of stock obligations of IDGC of the North-West, JSC (subsidiary company of Russian Grids, JSC) in the List of Securities admitted for trading and on assignment of identification numbers to the said securities. The loans circulation period is 10 years, the total volume of Series BO-01 – BO-04 amounting to 15 bln RUB.
Decision on loans placement will be taken subject to economic feasibility of such placement within the framework of the limits established by the business plan and the effective credit policy of the Company as well as depending on the market environment.
Issue of stock obligations fails to impose on the Company duties to procure loans using the instrument in question.
The instrument provides to IDGC of the North-West access to a broad spectrum of investors which will provide for ensuring diversification of the debt financing sources used as well as flexibility in selection of the optimal money raising instrument.