New Issue: Russia's Federal Grid sells RUB 17.5 billion 8.466% notes due 2019 at par to yield 8.45%

By Christine Van Dusen

Atlanta, Dec. 7 - Russia's Federal Grid Co. of Unified Energy System priced RUB 17.5 billion 8.466% notes due March 13, 2019 (Baa3/BBB/) at par to yield 8.45%, a market source said.

Barclays, VTB Capital, Sberbank, Gazprombank and Morgan Stanley were the bookrunners for the Regulation S-only deal.

Federal Grid is the Moscow-based operator and manager of Russia's unified electricity transmission grid system.

Issuer:	Federal Grid Co. of Unified Energy System
Amount:	RUB 17.5 billion
Maturity:	March 13, 2019
Description:	Notes
Bookrunners:	Barclays, VTB Capital, Sberbank, Gazprombank, Morgan Stanley
Coupon:	8.446%
Price:	Par
Yield:	8.45%
Trade date:	Dec. 5
Settlement date:	Dec. 13
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB
Distribution:	Regulation S only

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