The placement agent is Gazprombank. The bonds are being issued in the 001P series programme, which has a volume of up to RUB 100 billion inclusive.
Moscow, June 28 – Neftegaz.RU. Atomenergoprom, the company that unites Rosatom’s civil assets, has placed its 1st issue of green exchange-traded bonds with a par value of RUB 10 billion.
Investors’s demand for securities exceeded supply more than 7-fold.
This is the 1st placement of exchange-traded bonds by a Russian issuer to finance renewable sources of energy.
The initial coupon rate was in the range of 7.70%-7.80% per annum.
While the planned placement volume was 10 billion, the demand for securities exceeded RUB 79 billion.
A 7-fold oversubscription made it possible to lower the coupon rate to 7.50% per annum, which corresponds to an effective yield of 7.64%.
The par value of one security in this issue is RUB 1,000 and the bonds have a term to maturity of 5 years.
The independent credit rating agency ExpertRA has confirmed that the bond issue complies with the green bonds principles set out by the International Capital Markets Association, as well as with the provisions of VEB.RF’s guidelines for green finance investment activities in Russia.
ExpertRA has also assigned a rating of ruAAA to the bond issue.
Funds received from the placement of this bond issue will be used to refinance previously incurred expenses for Atomenergoprom’s Wind Power programme.
NovaWind (Rosatom’s wind energy division) has already commissioned wind farms with a total capacity of 420 MW in the south of Russia.
3 more wind farms with a total capacity of 300 MW will be commissioned by the end of the year in the Stavropol Krai and the Rostov Region.