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TGC-1

December 28, 2011

JSC TGC-1 placed bonds for financing of its investment Programme

JSC TGC-1 placed bonds for financing of its investment Programme. The bonded loan of JSC TGC-1 series 03 was placed by open subscription on December 27, 2011. The bonded loan was fully bought out by the market. In the situation of instability at the world financial markets the Company diversifies its credit portfolio by increasing a share of borrowings with long-term redemption periods – explained Director for Economics and Finance of JSC TGC-1 Kirill Lykov – This reduces the dependency from sharp dramatic fluctuations of liquidity and interest rates. The success of placement confirms the trust in TGC-1 as a reliable borrower.

The volume of the issue equaled 2 million bonds with a par value of 1000 rubles each for the total amount of 2 billion rubles. The money will be used for financing of the Company’s investment Programme.

The redemption period for the bonded loan is 10 years. The rate of the first coupon equals 10.3%.

JSC IC Leader is acting as the issue manager.

 

 

 

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