Bonds

Series BO-03 Bond Loan

Bond identification characteristics:

Exchange-traded interest-bearing inconvertible uncertificated bonds, Series BO-03, subject to centralized book-entry settlement.

Redemption date: on the three thousand, six hundred fortieth (3,640th) day after the start date of the placement of the exchange-traded bonds. The issuer decided on the early redemption of the exchange-traded bonds on the last day of the tenth (10th) coupon period (January 29, 2025)

Placement procedure:

• Underwriters: Gazprombank (Joint-Stock Company)
• Placed through the securities trading institutor: Public Joint-Stock Company Moscow Exchange MICEX-RTS

Listing history

January 30, 2020: Transferred to Quotation List Level 2 June 9, 2014: Transferred to Quotation List Level 3 June 10, 2013: Included as non-listed securities

• Actual placement start date: February 5, 2020
• Actual placement end date: February 5, 2020
• Subject to centralized book-entry settlement

Custodian responsible for centralized book-entry settlement:

National Settlement Depository

Short corporate name: NSD

Registered address: Russia, Moscow, ul. Spartakovskaya, 12

Address for correspondence (postal address): Russia, 105066, Moscow, ul. Spartakovskaya, 12

BIC: 044525505

Correspondent account No.: 30105810345250000505
Central Bank of the Russian Federation Main Branch for the Central Federal District
Custodian license No.: 177-12042-000100
Date of issue: February 19, 2009
Valid until: issued for an indefinite term
Licensing authority: Federal Financial Markets Service of the Russian Federation

Main rights of the bondholder:

• Each bond of this issue provides its holder with the same scope of rights as the other bondholders.
• Upon redemption at maturity, any bondholder is entitled to receive the par value of the bond.
• The bondholder is entitled to receive coupon income (a percentage of the outstanding part of the par value) after each coupon period.
• The bonds are callable at par. In addition, accrued coupon income (ACI) calculated as of the date of the early redemption is paid.
• In the event that the issuer is liquidated, the bondholder may receive the outstanding amount in the order of priority provided for in Article 64 of the Civil Code of the Russian Federation.
• The bondholder has the right to unrestrictedly sell and otherwise transfer the bonds.
• The bondholder may exercise other rights provided for in the laws of the Russian Federation.

Procedure for determining the coupon rate:

• The interest rate for the first (1st)–sixth (6th) coupon periods is set by the order of the sole executive body, namely the General Director of PJSC LENENERGO, (Order No. 38 of January 30, 2020) at six point twenty percent (6.20%) per annum, which is equal to the coupon income for the 1st coupon period in the amount of thirty rubles and 92 kopecks (30.92 rubles) per exchange-traded bond. The interest rates for the second (2nd), third (3rd), fourth (4th), fifth (5th), and sixth (6th) coupon periods are equal to the interest rate for the first (1st) coupon period of the exchange-traded bonds.
• The issuer is obliged to purchase the exchange-traded bonds as requested by their holders within the last five (5) business days of the sixth (6th) coupon period in accordance with the terms and conditions described in the Decision on the Securities Issue and the Securities Prospectus. The purchase date of the exchange-traded bonds is be the third (3rd) business day after the last date of the sixth (6th) coupon period.
• The bondholder is entitled to receive coupon income from each of the twenty coupons as they fall due:

 

If the coupon payment date for any of the twenty coupons falls on a nonbusiness day, whether a legal holiday or a day on which settlement operations are not conducted, then the amount due is paid on the first business day immediately following the nonbusiness day. The bondholder is not entitled to demand that interest accrue or any other compensation be paid for such delay in payment.

Terms and conditions of bond redemption and coupon payment:

• The issuer decided on the early redemption of the exchange-traded bonds on the last day of the tenth (10th) coupon period (January 29, 2025)

If the bond redemption date falls on a public holiday or a nonbusiness day, whether a legal holiday or a day on which settlement operations are not conducted, then the amount due is paid on the first business day immediately following the public holiday or the nonbusiness day. The bondholder is not entitled to demand that interest accrue or any other compensation be paid for such delay in payment.

• The bondholder or the bond trustee receive amounts payable as the redemption of the bonds and as the payment of the coupons through the custodian that accounts for the rights to the bonds and whose depositors include the bondholder or the bond trustee. Payment is made to the bondholder or the bond trustee that is entitled to receive such payment as at the beginning of the custodian’s operating day on which the redemption date or the last date of the coupon period falls.
• Any amounts payable to the bondholder or the bond trustee may be paid by NSD and the custodian to the nominee holders that are their depositors as at the beginning of the custodian’s operating day on which the redemption date or the last date of the coupon period falls.
• Any amounts are paid by the issuer as the redemption of the bonds and as the payment of the coupons by bank transfer to NSD. This obligation is deemed to be performed by the issuer as of the date when these amounts are credited to NSD’s account.
• Any amounts are paid in Russian rubles by bank transfer.

Collateral for the bond issue: The bonds are not collateralized.

International Securities Identification Number: RU000A101DE8

Series BO-04 Bond Loan

Bond identification characteristics:

Exchange-traded interest-bearing inconvertible uncertificated bonds, Series BO-04, subject to centralized book-entry settlement.

Redemption date: on the three thousand, six hundred fortieth (3,640th) day after the start date of the placement of the exchange-traded bonds. The issuer decided on the early redemption of the exchange-traded bonds on the last day of the tenth (10th) coupon period (January 29, 2025)

Placement procedure:

Underwriters: Gazprombank (Joint-Stock Company)
Placed through the securities trading institutor: Public Joint-Stock Company Moscow Exchange MICEX-RTS

Listing history

January 30, 2020: Transferred to Quotation List Level 2
June 9, 2014: Transferred to Quotation List Level 3
June 10, 2013: Included as non-listed securities

Actual placement start date: February 5, 2020
Actual placement end date: February 5, 2020
Subject to centralized book-entry settlement

Custodian responsible for centralized book-entry settlement:

National Settlement Depository

Short corporate name: NSD

Registered address: Russia, Moscow, ul. Spartakovskaya, 12

Address for correspondence (postal address): Russia, 105066, Moscow, ul. Spartakovskaya, 12

BIC: 044525505

Correspondent account No.: 30105810345250000505
Central Bank of the Russian Federation Main Branch for the Central Federal District
Custodian license No.: 177-12042-000100
Date of issue: February 19, 2009
Valid until: issued for an indefinite term
Licensing authority: Federal Financial Markets Service of the Russian Federation

Main rights of the bondholder:

Each bond of this issue provides its holder with the same scope of rights as the other bondholders.
Upon redemption at maturity, any bondholder is entitled to receive the par value of the bond.
The bondholder is entitled to receive coupon income (a percentage of the outstanding part of the par value) after each coupon period.
The bonds are callable at par. In addition, accrued coupon income (ACI) calculated as of the date of the early redemption is paid.
In the event that the issuer is liquidated, the bondholder may receive the outstanding amount in the order of priority provided for in Article 64 of the Civil Code of the Russian Federation.
The bondholder has the right to unrestrictedly sell and otherwise transfer the bonds.
The bondholder may exercise other rights provided for in the laws of the Russian Federation.

Procedure for determining the coupon rate:

The interest rate for the first (1st)–sixth (6th) coupon periods is set by the order of the sole executive body, namely the General Director of PJSC LENENERGO, (Order No. 39 of January 30, 2020) at six point twenty percent (6.20%) per annum, which is equal to the coupon income for the 1st coupon period in the amount of thirty rubles and 92 kopecks (30.92 rubles) per exchange-traded bond. The interest rates for the second (2nd), third (3rd), fourth (4th), fifth (5th), and sixth (6th) coupon periods are equal to the interest rate for the first (1st) coupon period of the exchange-traded bonds.
The issuer is obliged to purchase the exchange-traded bonds as requested by their holders within the last five (5) business days of the sixth (6th) coupon period in accordance with the terms and conditions described in the Decision on the Securities Issue and the Securities Prospectus. The purchase date of the exchange-traded bonds is be the third (3rd) business day after the last date of the sixth (6th) coupon period.
The bondholder is entitled to receive coupon income from each of the twenty coupons as they fall due:

 

If the coupon payment date for any of the twenty coupons falls on a nonbusiness day, whether a legal holiday or a day on which settlement operations are not conducted, then the amount due is paid on the first business day immediately following the nonbusiness day. The bondholder is not entitled to demand that interest accrue or any other compensation be paid for such delay in payment.

Terms and conditions of bond redemption and coupon payment:

The issuer decided on the early redemption of the exchange-traded bonds on the last day of the tenth (10th) coupon period (January 29, 2025)

If the bond redemption date falls on a public holiday or a nonbusiness day, whether a legal holiday or a day on which settlement operations are not conducted, then the amount due is paid on the first business day immediately following the public holiday or the nonbusiness day. The bondholder is not entitled to demand that interest accrue or any other compensation be paid for such delay in payment.

The bondholder or the bond trustee receive amounts payable as the redemption of the bonds and as the payment of the coupons through the custodian that accounts for the rights to the bonds and whose depositors include the bondholder or the bond trustee. Payment is made to the bondholder or the bond trustee that is entitled to receive such payment as at the beginning of the custodian’s operating day on which the redemption date or the last date of the coupon period falls.
Any amounts payable to the bondholder or the bond trustee may be paid by NSD and the custodian to the nominee holders that are their depositors as at the beginning of the custodian’s operating day on which the redemption date or the last date of the coupon period falls.
Any amounts are paid by the issuer as the redemption of the bonds and as the payment of the coupons by bank transfer to NSD. This obligation is deemed to be performed by the issuer as of the date when these amounts are credited to NSD’s account.
Any amounts are paid in Russian rubles by bank transfer.

Collateral for the bond issue: The bonds are not collateralized.

International Securities Identification Number: RU000A101DF5

 

Bonded loan of БО-05 series

Identification features of the exchange bonds:

Documentary interest-bearing non-convertible bonds payable to bearer of Series БО-05 with the obligatory centralized custody with the possibility of early repayment on the demand of owners and at the discretion of the Issuer with a maturity date on the 3640th day from the start of placement of the exchange bonds of the issue.

Order of securities placement:.

· Organizers of the exchange bonds issue: Gazprombank (ОАО).

· Placement of the exchange bonds was carried out through the organizer of trade — CJSC MICEX Stock Exchange.

· Placement of the exchange bonds was carried out with inclusion of the bonds in the Quotation list B in compliance with the Rules of listing, admission to placement and circulation of securities in MICEX Stock Exchange, Closed Joint Stock Company.

· Date of the actual start of placement 22.07.2015.

· Date of the actual end of placement 27.07.2015.

· The obligatory centralized custody of the exchange bonds of the issue is provided.

The depositary which is carrying out the centralized custody
Non-bank Credit Organization National Settlement Depositary, Closed Joint Stock Company (further - NSD).

Location: 125009, Moscow, Sredny Kislovsky Lane, 1/13, build. 8

TIN: 7702165310

Phone: +7 (495) 956-27-89, +7 (495) 956-27-90

License to perform depository activities: # 177-12042-000100

Issued on: 19.02.2009

Valid: without restriction of validity period

Licensing body: FFMS of Russia

Basic rights of owners of each security of the issue:

· Each exchange bond of this issue provides to its owner an identical volume of rights in comparison with other owners of the exchange bonds.

· Owners of the exchange bonds are authorized to receive the exchange bonds’ par value at repayment of the exchange bonds in the term provided by them.

· Owners of the exchange bonds are authorized to receive a coupon yield (interest on the outstanding part of par value) upon termination of each coupon period.

· Early repayment of the exchange bonds (if the decision on early repayment is approved by the issuer) is made at par value. Thus, the accumulated coupon yield (ACY) calculated on the date of early repayment of the exchange bonds is additionally paid.

· In case of the issuer’s liquidation owners of the exchange bonds are authorized to receive the due sum of money in the order of priority set forth by Article 64 of the Civil Code of the Russian Federation.

· Owners of the exchange bonds are authorized to freely sell and otherwise alienate them.

· Owners of the exchange bonds are authorized to carry out other rights provided by the legislation of the Russian Federation.

Procedure for definition of the coupon interest rate:

The placement of the exchange bonds is implemented through the gathering of address

· The placement of the Bonds was performed by collecting direct applications from buyers to purchase the Bonds at a fixed price and the coupon rate for the first coupon period.

· In accordance with the terms of the Resolution on the Issue of Bonds of Series 05, the first coupon rate is determined by the Director General (Order #317 of 20.07.2015) at 13,00% (thirteen) per annum, which corresponds to RUB 64.82 (Sixty-four rubles and 82 kopecks) per one Bond.

· In accordance with the Decision on the Issue and the Securities Prospectus, the interest rate on the Bonds of Series 05 on the second and third coupon periods are set equal to the coupon rate for the first coupon period. The Issuer will be obliged to purchase the Bonds according to the requirements of their holders, stated in the last 5 (five) working days of the 3d coupon period.

· The Bondholders shall receive interest yield in the form of interest coupon yield on each of the twenty coupons within stipulated terms:

1^st coupon: 20.01.2015
2^nd coupon: 20.07.2016
3^rd coupon: 18.01.2017
4^th coupon: 19.07.2017
5^th coupon: 17.01.2018
6^th coupon: 18.07.2018

7^st coupon: 16.01.2019
8^nd coupon: 17.07. 2019;
9^rd coupon: 15.01.2020;
10^th coupon: 15.07.2020;
11^th coupon: 13.01.2021;
12^th coupon: 14.07.2021;

13^st coupon: 12.01.2022;
14^nd coupon: 13.07.2022;
15^rd coupon: 11.01.2023;
16^th coupon: 12.07.2023;
17^th coupon: 10.01.2024;
18^th coupon: 10.07.2024;

19^st coupon: 08.01.2025;
23^th coupon: 09.07.2025.

In the event the payment date for coupon yield on any of the twenty coupons on the Bonds is a weekend, state holiday, or a day off for bank operations, the due sum shall be paid on the next business day upon that day. The Bondholder shall not be entitled to claim any additional interest or any other compensation for such delay of payment.

Conditions for the Redemption and Yield Payment on the Bonds:

· Term of the Bonds placement: 3640th (Three thousand six hundred and fourtieth) day from the date of the Bonds placement. Redemption of the face value – 09.07.2025.

In the event the payment date of the Bonds is a weekend, state holiday, or a day off for bank operations, the due sum shall be paid on the next business day upon that day. The Bondholder shall not be entitled to claim any additional interest or any other compensation for such delay of payment.

· There is a possibility of early redemption of the Bonds during the period of their circulation. The Issuer may decide on early redemption of the Bonds on the end date of the 1st coupon period (hereinafter - the "redemption date"). This decision may be made no later than 14 days prior to the end of the 1st coupon period.

· The Bonds that have been redeemed early by the Issuer cannot be put into circulation.

· The Bondholders and trustees shall be paid on the Bonds and coupon yield by the Depositary exercising the accounting of the rights for the Bonds, of which they are depositors. Payment is made in favor of the holders of the Bonds or the trustees as of the beginning of the trading day of the corresponding Depositary, which accounts for the redemption date or the end date of the coupon period.

· Transfer of payments to holders of the Bonds or the trustees is performed by NSD and the Depositary to nominee holders who are their depositors as of the beginning of the trading day of the corresponding Depositary, which accounts for the redemption date or the end date of the coupon period.

· Redemption of the Bonds and the payment of coupon yield are performed by the Issuer via money transfer to NSD. This obligation is considered fulfilled by the Issuer on the date funds inflow on the account of NSD.

· All payments are made in RUB of Russian Federation by bank transfer.

Collateral for the Issue: Collateral for the issue is not required.

Codes of Lenenergo Bonds