JSCo "UES FGC" has received long-term funds from Vnesheconombank in the amount of 26 billion rubles

JSCo “UES FGC” (a member of company groups JSCo “Rossetti”) attracted a new tranche of long-term finances through the issuance of infrastructure bonds of series 26 and 27 for a total of 26 billion rubles. The term of repayment for bonds is 35 years. The offer is in 34 years.
The bond issue is intended to fund projects under the investment program of JSCo  "UES FGC"

“We support the strategy for partial funding of investment program due to the funds received by attracting long-term financing. This would allow realizing large infrastructure projects for electricity supply network development and economy of the country” – the head of JSCo “Rosseti” Oleg Budargin commented

The warrant rates depend on inflation and are calculated as consumer price index growth for the last year increased by 1%. The first warrant rate made up 7/5% of the annual.

The main investor of infrastructure bonds of JSCO “UES FGC” became State Management company “Vnesheconombamk” that deals with pension funds.

Gasprombank and Renessance capital became the organizers of the contract.

The technical placement of bonds of 26 series was finished on 13/08/2013 on Moscow exchange, the 27 series placement will be finished on 16.08.2013