NCSP Group (LSE: NCSP;MICEX: NMTP) reports that on 3rd of April 2012 Ruble bond tranches BO-01, BO-02, BO-03, BO-04 and BO-05 were included in the list of securities admitted to trading at MICEX-RTS.
As previously reported, the par value of Ruble bond tranches BO-01, BO-02, BO 03, BO-04 and BO-05 are 5 billion rubles, 4 billion rubles, 4 billion rubles, 3 billion rubles and 2 billion rubles respectively.
According to Andrey Bubnov,Deputy CEO of PJSC NCSP for finance and economy, "Ruble bondsmay become one of the sources of additional liquidity, which among other purposes can be used for refinancing of Eurobond due to May 17, 2012.
The company haspreviously reportedthat a syndicated loan can be used as an alternative instrument for raising of financing.”
2012 Eurobond will be partially redeemed using NCSP operating cash flow..
NCSP Group plans to reduce total debt by the end of2012by approximately 9% to $2.3 billion.
About NCSP Group
Novorossiysk Commercial Sea Port is the largest Russian port operator and the 3rd operator in Europe in terms of cargo turnover. NCSP shares are traded on Russia's MICEX exchange (NMTP) and on the London Stock Exchange in the form of GDRs (NCSP). 50.1% shares of PJSC NCSP belong to Novoport Holding Ltd, beneficiaries owners of which are JSC “Transneft” and Ziyavudin Magomedov (Summa Group). NCSP Group cargo turnover in 2011 totaled 157 million tons. Consolidated revenue according to IFRS for the nine months of 2011 totaled $782 million and EBITDA of $403.8 million. NCSP Group combines the following stevedore companies: OJSC Novorossiysk Commercial Sea Port, Primorsk Oil Terminal Ltd (since 2011), PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC NLE, OJSC IPP, and Baltic Stevedore Company Ltd.
For more information please contact:
Media: M.Sidorov@nmtp.info; senko@ncsp-net.com;
Investement Community: MGrigoriev@nmtp.info