The structure of the credit portfolio
During the reported period credit portfolio has not changed and totaled, as of 31.12.2014, RURRussian ruble 12,231.7 mnMillion, in addition RURRussian ruble 1,934 mnMillion debt has been transferred to short-term category.
|Liabilities||31.12.2012||31.12.2013||31.12.2014||Change (2014/2013)||Change (2014/2013)%|
|Short-term loans and borrowings||-||-||1,933,760||+ 1,933,760||+100%|
|Debt on interest payable||60,049||161,117||167,748||+6,631||+4.1%|
|Long-term loans and borrowings||9,071,231||12,231,733||10,297,973||-1,933,760||-15.8%|
By the end of 2014 our credit portfolio consisted of long-term and short-term loans and borrowings. The debt was formed by 15 credit contracts (maturity – 5 years) and bond issue (maturity – 3 years). The Company has no credit contracts with debt exceeding 5% of the book asset value of the Company. Liabilities under each contract are discharged in time. The level of debt service quality is high. Our key banks are Sberbank of Russia (Urals branch) and Gazprombank (Ekaterinburg branch). In 2014 situation on capital markets deteriorated significantly, the Central Bank of Russia has even lifted its key interest rate. During the reported period the Company has concluded no credit contracts. As of 31.12.2014 average weighted interest rate of the credit portfolio has not changed and totaled 8.04% p.a. By the end of 2014 the Company ensured the compliance of its debt position with approved limits and retained A-class creditworthiness rating.
IDGCInterregional Distributive Grid Company of Urals has issued the following securities:
|1||Exchange-traded bonds (BO-01 series, ID#4B02-01-32501-D, overall nominal value – RURRussian ruble 3,000,000,000, maturity – 1,092th day since the date when the placement started;|
|2||Exchange-traded bonds (BO-02 series, ID#4B02-02-32501-D, overall nominal value – RURRussian ruble 3,000,000,000, maturity – 3,640th day since the date when the placement started;|
|3||Exchange-traded bonds (BO-03 series, ID#4B02-03-32501-D, overall nominal value – RURRussian ruble 3,000,000,000, maturity – 3,640th day since the date when the placement started;|
|4||Exchange-traded bonds (BO-04 series, ID#4B02-04-32501-D, overall nominal value – RURRussian ruble 4,000,000,000, maturity – 3,640th day since the date when the placement started;|
|5||Exchange-traded bonds (BO-05 series, ID#4B02-05-32501-D, overall nominal value – RURRussian ruble 5,000,000,000, maturity – 3,640th day since the date when the placement started.|
The Company’s has placed its series BO-01 exchange-traded bonds (quantity – 3,000,000 bonds, nominal value of 1 bond – RURRussian ruble 1,000) at MICEXMoscow Interbank Currency Exchange on 31.01.2013. Maturity date of the bond issue is 28.01.2016. Coupon rate is 8.4% p.a. and will remain unchanged till the maturity date. The amount of payment per 1 bond for 1 coupon period totals RURRussian ruble 41.88.