MOSCOW. July 16 (Interfax) - Enel OGK-5 plans to start placing two issues of exchange bonds for 2 billion rubles each on July 28, Citibank and Gazprombank, which are arranging the placement, said in a statement.
Guidance on the bonds is 14.47%-15.75%.
The bonds will circulate for one year and the semiannual coupon rates are equal.
The MICEX Stock Exchange in July 2008 allowed OGK-5 to place four issues of exchange bonds for 2 billion rubles each.
The company plans to spend the funds it earns in the placement on its investment program as well as on the financing of capital expenditures and working capital.
Enel OGK-5 was set up under Russia