February 01, 2008 | Cbonds
|The BOD of MRSK South (Interregional Distribution Network Company-South) has upheld a decision on issuing bonds by converting Kubanenergo bond issue. |
The issue includes 3,000,000 bonds at a par value of RUR 1,000 each. The issue will be placed through private offering. Every bond of Kubanenergo (state registration number 4-01-00063-А dated June 5, 2007) will be converted to one bond of MRSK South having the same characteristics. The bonds of Kubanenergo will be considered redeemed when converted into MRSK bonds.
The bonds will be redeemed according to the following schedule:
50% of par value: January 21, 2009;
50% of par value: July 21, 2010.
Alfa-Bank is the paying agent on the issue.
Issue: Kubanenergo, 01
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||Public Joint-Stock Company of Energy and Electrification of Kuban|
|Country of risk||Russia|
|Country of registration||Russia|