OREANDA-NEWS. December 16, 2011. Federal Grid Company of Unified Energy System (“Federal Grid Company” or the “Company”) (ticker symbol: MICEX, RTS, LSE: FEES) successfully closed the order book of the RUR 15 bln bond issue, series 18, with 12 year maturity and 2.5 year put-option.

The issue was allocated among a wide range of investors which included banks, investment and management companies. About 12% of the total demand was formed by foreign investors.

The order book was opened on December 5th with 8.45-8.85% coupon rate indication. Despite the fact that bookbuilding passed in difficult market conditions, the transaction caused high interest from a wide range of the Russian and international investors. The total demand exceeded the nominal volume of the issue twofold and reached RUR 32 bln that became a record for the market from the moment of renewal of primary placements in October of this year.

Following the bookbuilidg results the Company decided to satisfy 43 bids. The coupon rate was set in the bottom line of a marketing range - at 8.50% p.a. level.

The lead managers of the transaction are Renaissance Capital, Gazprombank, VTB Capital, Sberbank of Russia, the lead co-manager - IFC METROPOL, the co-manager - IC Region.

The placement will start on December 12th.

The funds raised from the bond placement will be channelled to finance the Company’s investment program.

Including the new issue, the total volume of the Company’s bond issues outstanding will reach RUR 105 bln.