On October 4, 2006, the Board of Directors of GT-TETs Energo JSC fixed the interest rate for the fourth coupon of the company’s bonds (03 series) at the level of 10.45% per annum.

The bonds of 03 series were offered on April 22, 2005 at MICEX Currency Exchange. The volume of the issue amounted to 1.5bn RUR. The bond maturity date, as well as the date of the last coupon payment, is April 18, 2008.

Besides, on September 6, 2006 3-year bonds of GT-TETs Energo JSC (04 series) were placed without an offer at MICEX Currency Exchange. The volume of the issue came to 2bn RUR and the coupon interest rate is fixed at the level of 10.71% for the whole life of the bond.

GT-TETs Energo JSC is an investment project of EnergoMash Group in the domain of small-scale power engineering. The project covers 44 power stations located in six Russian Federal Districts. Six gas-turbine power plants are currently functioning in Belgorod, Velsk (Arkhangelsk Region), Rezh (Sverdlovsk Region), Barnaul, Orel, and Krymsk.