OREANDA-NEWS. September 24, 2009. OJSC Enel OGK-5 has set the rate for coupons 7-10 of the 5 billion RUR bond issue at 12.25%.

The issue, placed back in October 2006 at the coupon rate of 7.5% for coupons 1-6, implies the buyout offer at the bond par value and setting the coupon rate for coupons 7-10 three years after the placement.

“These three years have been years of steady growth of the company, enhanced by the presence of our controlling shareholder Enel, one of the world’s largest utilities with vast experience in liberalizing markets. We are confident in the positive response of the market due to our track record in delivering a strong set of results”, said Dominique Fache, the Chairman of the Board of Directors of Enel OGK-5.

OJSC OGK-5 was registered in Yekaterinburg on October 27, 2004.  On July the 7-th 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, Reftinskaya GRES. The total installed capacity of the company’s production assets is 8,672 MW for electric power, and 2,242 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.