Yevgeny Shago, the Analyst of Ingosstrakh-Investments Management Company:

 — Such high-quality borrowing entity as Atomenergoprom can easily float its bonds for 3 years

According to the Department of Communications of Rosatom State Corporation, Atomenergoprom 4-year bonds of 06 series with a total nominal value of 10 billion rubles were floated at the MICEX Stock Exchange on August 5 (maturity date — August 15, 2014). The bonds are guaranteed by the state corporation.

Yevgeny Shago, the Analyst of Ingosstrakh-Investments Management Company:

As a borrowing entity, Atomenergoprom is very reliable. It has high ratings, and again – it is a state company. So I can assess the prospects of this loan as very good ones.

The structure of a paper with annual coupons supposes no additional offers. Today market is short of one or two-year securities, but there are enough three-year papers. Though, such high-quality borrowing entity as Atomenergoprom can easily float its bonds for three years.

Actually, there is no secondary market concerning the issuer; therefore it is not right to say that Atomenergoprom gave a prize by having announced a 7.5% coupon per annum. The issuers of this class trade in accordance with the comparable yield. For example, three-year issues of Russian Railways are traded at a yield of 7% per annum in rubles but Russian Railways is a better known borrowing entity and this half percent is reasonable.