MOSCOW, October 11 (RIA Novosti) -- Standard & Poor's assigned the ruA+ Russia national scale rating to the fourth tranche of bonds to be issued by the Federal Grid Company, the international rating agency said Wednesday.
The Federal Grid Company, which is Russia's electricity transmission monopoly and is wholly owned by RAO Unified Energy Systems (RAO UES), said earlier it plans to issue 6 million documentary interest-bearing non-convertible bonds, with a face value of 1,000 rubles ($37) each and a 1,820-day maturity.
The FGC also said the fifth bond issue will be placed through open subscription before December 25, 2006.
The company said it is planning to use funds raised from the bond issue to finance its comprehensive investment program.
