EnergyTechService Places 1 Billion Rubles Worth of Bonds

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EnergyTechService Issues 1 Billion Rubles in Bonds

EnergyTechService, a Russian energy company, has successfully issued 1 billion rubles worth of exchange-traded bonds (series 001P-09) at their nominal value.

Through an open subscription, the company placed 1 million bonds, each with a nominal value of 1,000 rubles.

The bonds have a 4-year maturity period, with an optional redemption after 2 years. The coupon period is 30 days.

The coupon rate until the optional redemption date was set at 18.00% per annum following the collection of bids.

Initially, the guidance for the first coupon rate was set at no higher than 19.00% per annum.

The placement was organized by Gazprombank and Sovcombank, with Sovcombank acting as the placement agent.

This overview was presented by Alexey Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.