17th Nov 2009 09:14
Press-release
NCSP Pays Fifth Eurobond Coupon
17.11.2009
The Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS AND MICEX: NMTP) reports the payment of the fifth 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 as 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. Consolidated revenue to IFRS for the 2008 totaled $653.777 million.
NCSP shares are traded on Russia's RTS and MICEX exchanges (NMTP) and on the London Stock Exchange (NCSP) in the form of GDRs (1 GDR representing 75 shares).
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:
Pjsc Novor. S