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Bonds series 01 of OAO Irkutskenergo are to be transferred from Quote List А, 2nd level of SE "MICEX" into non-listed stock tomorrow

Tomorrow, on 6 March, 2012 bonds series 01 of OAO Irkutskenergo will be transferred from Quote List А, 2nd level of SE MICEX into non-listed stock. In December 2007, OAO Irkutskenergo issued certificated non-convertible interest bearer bonds with mandatory centralised deposit of series 01, with nominal value of RUB 1,000 (one thousand) per bond, in the amount of 5,000,000 (five million), maturity date – the 1,820th day from the date of IPO. The state registration number of securities issue is 4-01-00041-А dated 13 December, 2007. On 4 December, 2008, IPO of bonds took place at the fixed coupon rate of 15.5% per annum. On 15 June, 2009, OAO Irkutskenergo bonds were included into the Quote List А, 2nd level of MICEX Stock Exchange (SE MICEX). On 8 December, 2009, the company bought 5,000,000 outstanding treasury shares with nominal value of RUB 1,000 (one thousand) under irrevocable offer. The price of bonds purchase under irrevocable offer accounted for 100% of nominal; the obligation to pay the bonds in the amount of RUB 5,000,000,000 (five billion) was performed by OAO Irkutskenergo in full and in time stipulated by the offer. Further, after redemption of 5,000,000 bonds by the company under the offer, the issuer sold a part of bonds on the secondary market.

Now only 3,500 bonds series 01 are in the secondary circulation; obligations to pay coupon yield on them are performed in full and in time. On the issuer’s custody account there is the rest of bonds of the mentioned issue in the amount of 4,996,500. At the moment, due to small volume of securities in circulation, and to the high concentration of the bonds owned by several holders, the volume of transactions does not meet the requirements of SE MICEX to the volume of exchange transactions with securities included into the Quote List А, 2nd level. Therefore, on 6 March, 2012 bonds series 01 of OAO Irkutskenergo will be transferred from Quote List А, 2nd level of SE MICEX into non-listed stock.

Press service of OAO Irkutskenergo

March 5, 2012

March 05, 2012
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