Russia's OGK-2 plans to sell RUB 5 billion units by open subscription

By Susanna Moon

Chicago, June 22 - OJSC OGK-2's board of directors said it decided at its meeting on Monday to place RUB 5 billion of units by open subscription.

The company plans to sell 5 million units at a price of RUB 1,000 each due 1,092 days from issue.

OJSC Gazprombank is the paying agent.

OGK also said it canceled its Feb. 10 plans to place RUB 5 billion of documentary unconvertible bearer bonds.

OGK-2 OAO is a Solnechnodol'sk, Russia-based company that generates and distributes electric and heat energy on the wholesale market.

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