EN+ Hydro to Collect Orders for Yuan-Denominated Bonds on June 19

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EN+ Hydro to Conduct Yuan-Denominated Bond Offer on June 19

EN+ Hydro, a Russian hydroelectric power company, plans to collect bids for its exchange-traded bonds series 001PC-10 on June 19 from 11:00 to 15:00 Moscow time.

The technical listing of the bonds on the stock exchange is scheduled for June 24, 2026.

The planned issue volume will be determined later. The nominal value of each bond is 1,000 yuan. The bonds will have a two-year term with a coupon period of 30 days.

The yield for the first coupon is expected to range between 8.75% and 9.00% per annum.

The minimum bid amount for the initial placement is equivalent to 1.4 million Russian rubles in yuan.

Payments for the bonds during the initial placement can be made in Chinese yuan or Russian rubles at the official exchange rate set by the Central Bank of Russia on the date of the transaction.

Payments for coupon payouts or redemption will be made in yuan or rubles at the official exchange rate set by the Central Bank of Russia on the business day preceding the coupon payment or redemption date.

Organizers of the bond issue include Alfa-Bank, VTB Capital Trading, Gazprombank, Sber CIB, and Sovcombank. Gazprombank will act as the placement agent.

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