Enel OGK-5 successfully places commercial papers worth 4 billion rubles

During the auction 81 investor offers with coupon rate ranging from 7.45% to 8.50% p.a. were received. Total demand reached 18.5 billion rubles. The first coupon rate for the issue was set at 7.50% p.a. The rate of coupons 2-4 is equivalent to the first coupon rate. The coupon period is 182 days. The commercial papers were included in MICEX Quotation List A1.
The arranger for the commercial papers issue is the Closed Joint-Stock Company “Investment Company “Troika Dialog”.
The aim of the placement is refinancing the expiring issues of commercial papers and extending their duration.
OJSC OGK-5 was registered in Yekaterinburg on October 27, 2004. On July the 7th of 2009 OJSC OGK-5 was rebranded to OJSC Enel OGK-5 by the decision of the General Shareholders’ Meeting.
The production affiliates of Enel OGK-5 are: Konakovskaya GRES, Nevinnomysskaya GRES, Sredneuralskaya GRES and Reftinskaya GRES. The total installed capacity of the company’s production assets is 8746,5 MW for electric power, and 2412 GCal/h for heat.
The share capital of Enel OGK-5 totals 35,371,898,370 roubles and is divided into ordinary shares with the nominal value of 1 rouble. The stake of the Federal Agency for Federal Property Management in the share capital of the company is 26,43%, the stake of Enel Investment Holding B.V. – 55,86%, the stake of minority shareholders – 17,71%. Enel OGK-5’s shares are listed in Quotation Lists A1 of MICEX and A2 of RTS.

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