20th May 2009 07:26
Press Release
NCSP Paid Eurobond Coupon
May 20, 2008
PJSC Novorossiysk Commercial Sea Port (LSE: NCSP, RTS AND MICEX: NMTP) reports the payment of the fourth coupon on Eurobonds due in 2012.
Coupon interest paid totaled $10.5 million or $35 per bond. Payment was made in full and on schedule.
The coupon is paid every six months at 7% annual interest rate. Moody's rated the $300 million Eurobond issue (ISIN XS0300986337) as Ba1 and Standard & Poor's assigned a rating of BB+.
About NCSP Group
Novorossiysk Commercial Sea Port is the largest Russian port operator in terms of cargo turnover. Group's consolidated cargo turnover in 2008 totaled 81.6 million tonnes.
NCSP shares are traded on the London Stock Exchange (NCSP) and Russia's RTS and MICEX exchanges (NMTP). Consolidated revenue to IFRS for the 2008 totaled $653.777 million.
NCSP Group includes the following stevedore companies: PJSC NCSP, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.
For more information please contact:
Tel.: +7 (495) 783-5434
Related Shares:
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