Atomenergoprom Places Second Bond Series
Moscow, Russia (SPX) Jan 12, 2010 On December 22, 2009, the Federal Financial Markets Service of the Russian Federation registered Atomenergoprom's 2nd bond series placement report. At the same time public registration of Atomenergoprom's 1st bond series placement report took place on December 15, 2009. The first two series of Atomenergoprom's bonds with a total nominal value of 50 billion RUR were placed on the MICEX Stock Exchange on November 26, 2009. The amount of 50 billion RUR placement is conditional upon the amount of Atomenergoprom subsidiaries' short-term loans as of the end of November subject to refinancing under better terms both on the rate and the date. The bonds were placed by public subscription via book-building. Sberbank of Russia performed as the organizer and technical underwriter. The bonds have five annual coupons with maturity terms expiring on February 15, 2014. The 1st bond coupon rate of Atomenergoprom's both series is equal to 11,5% per annum. The rates of the further coupons will be determined as a fixed rate of the Bank of Russia for direct repo transactions for a term of one year increased by 2,25% per annum. Failing fixed direct repo rate for a term of one year for whatever reason the rate of the relevant bond coupon is determined as one day fixed direct repo rate of the Bank of Russia increased by 2,75% per annum. All bond issues are guaranteed by State Atomic Energy Corporation Rosatom. According to the terms of placement up to 10 bond series are planned to be issued for a maximum of 195 billion RUR. In accordance with the terms of issue the issuer has the right for an early bond calling. Attracted funds will be used to refinance short-term loans of industry enterprises as well as to finance the part of investment program of its subsidiaries and Rosatom's enterprises in 2009-2010. Atomenergoprom is an integrated company, which consolidates the assets of the civilian part of the Russian nuclear industry. Atomenergoprom provides full production cycle of nuclear power engineering - from uranium production to nuclear power plant construction and energy generation. Rosatom State Atomic Energy Corporation owns 100% shares of Atomenergoprom. Director of Atomenergoprom is Vladimir Travin, Chairman of the Board of Directors is Director General of Rosatom, Sergey Kirienko.
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