T Plus Plans to Raise USD168.61 Million in Public Offering of Bonds Due 2024

Published: Nov 09 2017
Deal Summary

T Plus Group, a power generation, transmission and distribution company, intends to issue bonds due November 2024, for gross proceeds of RUB1,000 million (USD168.61 million) in public offering.

Gazprombank and Alfa Bank will act as organizers while Gazprombank is also acting as the placement agent. Applications will be accepted on November 22, 2017. The bonds with a nominal value of RUB1,000 (USD16.86) will be issued on the Moscow Stock Exchange as part of the program of exchange bonds registered in 2017 for RUB30,000 million (USD505.85 million).

The company intends to use the proceeds from the offering, to diversify and refinance the loan portfolio of the company.

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