EN+ Hydro Increases Yuan-Denominated Bond Issue
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EN+ Hydro Increases Yuan-Denominated Bond Issue
EN+ Hydro is conducting an additional placement of its Series 001PC-10 bond issue until July 10.
The additional placement volume will be determined later. The placement price is set at 100% of the nominal value plus accrued coupon income, to be paid by the buyer on the transaction date.
The minimum bid amount for placement is equivalent to 1.4 million Russian rubles in yuan.
The main bond issue with a nominal volume of 1 billion yuan began on June 24, 2026. The nominal value of each security is 1,000 yuan. The bonds have a two-year maturity, with a coupon period of 30 days. The coupon rate for the entire term is set at 8.50% per annum.
External public irrevocable offers from EN+ Holding (EN+ Holding LLC) and EN+ Generation (EN+ Generation JSC) serve as collateral for the bonds.
The placement organizers are Alfa-Bank, VTB Capital Trading, Gazprombank, Sber CIB, and Sovcombank. Gazprombank acts as the placement agent.
Overview provided by Alexei Grishchenko, Ph.D., Professor of the Department of Operational and Sectoral Management at the Higher School of Management of the Financial University under the Government of the Russian Federation.