OREANDA-NEWS  On 15 December was announced, that JSC Irkutskenergo completely placed bonds of series 01 for a total of RUR 5 billion. Total amount of placed bonds of the issue is 5 million bonds at the par value of RUR 1 thousand; the first coupon interest is 15.5% per annum. The term of the securities floatation is 5 years.

The Federal Financial Markets Service (FFMS) of Russia registered the issue and the prospectus of the first bonds of the company on 13 December 2007. The state registration number 4-01-00041-А was appropriated to the issue. The issue organizer was "Gazprombank". The involved funds are planned to be assigned for refinancing of the credit portfolio, current financing, and investments. The bonds have 10 coupon periods; the rate per each of them equals the rate of the first coupon. Earlier, the Irkutskenergo Board of Directors approved granting the offer on the first bonds issue at the end of the second coupon period. The date of purchase of bonds is the third business day of the third coupon period.

According to the General Director of JSC Irkutskenergo Andrey Konovalov, the effective placement of the bonded loan by the Company once again confirms trust of investors in Irkutskenergo and in its management, even in conditions of the financial crisis. "We are liquid, financially stable, our assets are of high quality, and the yesterday MICEX day demonstrated it in full measure,” Andrey Konovalov said.

JSC Irkutskenergo is the largest company in Siberia and one of the largest power companies in Russia, including thermal and hydroelectric power stations, and thermal networks. The installed capacity of power stations of the company is 12.9 GW, including hydroelectric power stations (more than 9 GW). A large share holding of the company is managed by the largest Russian independent power company EvroSibEnergo in interests En + Group.