IDGC of Centre plans to raise 5,8 bln of credit resources

26 March 2010 The tender includes five lots. The Company plans to raise 2 bln Rubles of credit resources for the 2010 investment program financing in the form of the Company credit line. The initial (maximum) contract price does not exceed 11 % per annum, the nonrevolving credit line term is 7 years. It is necessary 1,5 bln Rubles to finance the Company loan indebtedness. The initial (maximum) contract price does not exceed 10,9 % per annum at the crediting term of 5 years. The third and fourth lots are granting of credit resources in the form of credit line for the amounts of 1,5 bln Rubles and 800 mln Rubles for financing of the Company production and economic activity. The initial (maximum) contract price must not exceed 10,7 % per annum at the nonrevolving credit line term of 5,5 years. Besides, the tender is intended to opening and maintenance of banking account and settlements relating to it. 

Vladislav Kapitonov, Financial Director of IDGC of Centre, JSC noted: “The Company holds this procedure for the purposes of extension of weighted average term till repayment of credits and crediting rate reduction in the industry RAB-regulation respect. I’m sure that it will be profitable for banks to work with us and this cooperation will continue“.

The procedure of public disclosure of tender applications will be held on April 16, 2010 at 01.00 p.m.: Room No. 300, Entrance No. 5, Bld. 4, Sushchevsky Val, 16, Moscow. Consideration of tender applications will be held on April 20, 2010, the tender will be summed up on April 21, 2010 at the same address. The same conditions and terms of rendering of services as well as tender documentation are available on the official Website of IDGC of Centre, JSC www.mrsk-1.ru/custom/notification/.