OREANDA-NEWS. On 09 July 2009 was announced, that following the bookbuilding process the first coupon rate on TGC-1 bonds of the 2nd series for a total amount of RUR 5 bln was set at 16.99% per annum with 2-year put option. Rates for the 2-4 coupons are equal to the rate of the first coupon according to the terms of the issue. The demand for the bonds exceeded the supply by the factor of 3.5.

TGC-1 will place the bonds of the 2nd series 7 July 2009 at MICEX. The issue was registered by the Federal Financial Markets Service of Russia 21 October 2008. The total amount is RUR 5 bln: 5,000,000 of bonds with a face value of RUR 1,000 each. The bonds mature after 1820 days starting from the date of the placement. The state registration number for the securities is 4-02-03388-D.

Bookrunners are OJSC “Gazprombank” and CJSC “Gazenergoprombank”.

TGC-1 intends to use the proceeds from the offering for its investment program. The placement will fully cover TGC-1 capex financing needs via borrowings in 2H 2009.