OREANDA-NEWS. Open JSC TGC-4 have issued successfully 5 (five) million bonds with a par value of 1,000 (one thousand) rubles each through a public subscription on Closed JSC Moscow Interbank Currency Exchange. The issue was registered on May 11, 2007, state registered number - 4-01-43069-A.

During the offering it was given 90 applications on 7,5 billion rubles under the par value, the range of the coupon rate was 6,9 - 8%. The rate of the first coupon has been determined as 7,6%. The interest rates of the 2-4 coupons are equal to the interest rate of the first coupon. Rates of the 5-10 coupons will be determined later. The term of the bond circulation is 5 years. Duration of the coupon yield is 182 days. The issue is placed in full during the competition on determination of the first coupon rate.

Director General of the Open JSC TGC-4 Kochetkov G.A.: "successful placement of the bonded loan is extremly important. The Company will have to convene the modernization of the power equipment. It is one of the possibilities to attract big investments in construction of new power capacities in regions".

"The policy of the capital attraction by the Company is balanced. The debut has taken place: the bonds of TGC-4 become one of the instruments of the stock market which helps to form of the public history of the Company", - Deputy Director General of TGC-4 for finance Kuzina O.V.

"Placement of the bonds of Open JSC TGC-4 visually showed how well coordinated work of emitent and organizator under the project in connection with optimal choice of the offering time leads to impressive results. Present bonded loan is another landmark on a path leading to interaction with Open JSC TGC-4, - Akaky Beruchashvili, Executive Vice-President of Joint-Stock Bank of the Gas Industry Gazprombank (Closed Joint Stock Company).

The organizer of the bonded loan was Joint-Stock Bank of the Gas Industry Gazprombank (Closed Joint Stock Company). The composition of the so-organizers includes: Deutsche Bank, GoldmanSacs, Absolut Bank, Bank Petrocommerce, Commerzbank (Eurasija), Bank of Moscow, URSA Bank, Bank Soyuz, Dresdner bank, NOMOS-Bank, Brokerage house Otkritie.

So-underwriters: Bank WestLB, IB Trust, Bank Kredit Sviss Ferst Boston, Bank Uralsib, Kapital Investment Group, IG Renaissance Capital, IC RUSS-INVEST, BK Adekta, Moscow Zalogoviy Bank.