Geography

PJSC “Rosseti” have repaid ahead of schedule the bonds of BO-01 series for 5 billion rubles

20.06.2017

On June 19, 2017, PJSC “Rosseti” has carried out full advanced repayment of exchange bonds of BO-01 series with a total amount of 5.0 billion rubles, which have been placed on June 22, 2015 with a coupon rate of 11.9%.

The Deputy Director General for Finance of PJSC “Rosseti” Egor Prokhorov has noted: “The decision on repayment of the bonds of BO-01 series is one of consecutive steps of PJSC “Rosseti” management in the systematic work directed to optimization of the loan portfolio of all companies of "Rosseti" Group within the United treasury. During placement in June, 2015 of the bonded loan, redeemed today, the possibility of its early repayment in two years after placement has been provided. Against the background of dynamics of the capital market environment, which is extremely positive for issuers and observed recently, the decision was made to use the instrument of advanced repayment that has allowed optimizing the loan portfolio of PJSC “Rosseti” substantially. As of June 1, 2017, the average rate on the loan portfolio of the “Rosseti” Group has made 8.28%; in our opinion, it confirms the efficiency of the carried-out work convincingly.”

4 issues of exchange bonds of PJSC “Rosseti” with a total amount of 26.0 billion rubles remain in circulation now.


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