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TGC-1

July 12, 2011

Investors preferred to keep TGC-1 bonds of 02 series in their portfolios

The holders of bonds of JSC TGC-1 of 02 series presented for redemption 2 105 813 securities for an overall amount of 2 105,813 mln RUB that makes 42,1 % of loan total amount.

The possibility of sale at the price of 100 % of par value was provided by the conditions of issue allowing the Company to reconsider the rate of the coupon once in two year period. On June, 28th, 2011 TGC-1 reported about fixing of size of 5-8 loan coupons of 02 series at a level of 6.7 % per annum of par value. The rate of 1-4 coupons amounts to 16.99 % annum, the Company executed its obligations under these coupons in full. TGC-1 paid the bonds submitted to redemption at the price of 100 % of par value. Accrued income was calculated separately, the total sum of payments under it made 2.5 mln RUB.

“The results of the offer confirm that investors highly appreciate TGC-1 as reliable borrower. 6.7% interest rate corresponds to the current level of loans of the Company on the credit market” - Kirill Lykov, the Director for Economy and Finance of JSC TGC-1, comments. The loan of 02 series of JSC TGC-1 for an overall amount of 5 bln RUB was placed in July, 2009. Presently the bonds of 02 series are listed in quotation list B of MICEX.

 

 

 

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