Chelyabenergo is in two minds about allotting the .5 to 1 billion RUR bonded debt

28 March 2006 (10:44)

‘We haven’t come up with any final decision about allotting the bonded debt yet,’ said the company’s GD Evgeniy Kryuchkov.

‘We have been considering several ways of attracting investments needed for renovating our electricity networks and equipment; some of them are investors’ money, a bank loan, and allotting the bonded debt. We’ve already done the preliminary calculations and we’ll decide what’s best for the business in the nearest future; we might settle for either the bonded debt or extra share issue,’ Mr Kryuchkov said.

Chelyabenergo was offered to allot the .5 to 1 billion RUR bonded debt for a term of 2 to 7 years by its in-plant MRSK of the Volga and the Urals JSC.

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