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Ratings

 

In line with its general adherence to high standards of corporate governance Novorossiysk Commercial Sea Port PJSC is actively working with the world's leading rating agencies in order to obtain and maintain credit ratings.





International

National


Rating

Forecast

Date

Rating

Forecast

Date

S&P

BB-

Stable

30.06.2015

ruAA-


30.06.2015

Moody’s

Ba3

Negative

09.07.2015

Aa3.ru

Negative

09.07.2015




Eurobonds


NCSP Group on May 17, 2012 completely redeemed an issue of five-year LPN (Loan Participation Notes) totaling $300 million that was placed on May 17, 2007 through Novorossiysk Port Capital S.A., a special purpose vehicle registered in Luxembourg. The LPN had a 7% coupon that was paid semi-annually. 

 

Novorossiysk Port Capital S.A. Eurobonds

 

Type of securities

 Loan Participation Notes

 Issue size

 $300 million

 Coupon rate

 7%

 Coupon period

 Semiannual (May 17 and Nov 17)

 Placement date

 May 17, 2007

 Redemption date

 May 17, 2012

 ISIN

 XS 03000986337

 

Ruble bonds

 

PJSC NCSP’s Board of Directors on March 4, 2012 approved a ruble bond program consisting of five series of exchange traded bonds. Bond series BO-01, BO-02, BO-03, BO-04 and BO-05 amount to respectively 5 billion rubles, 4 billion rubles, 4 billion rubles, 3 billion rubles and 2 billion rubles. The coordinator of the program is VTB Capital. The Group completed the registration of the program on April 3, 2012 and the bonds were included in the listing of securities admitted to trading on the Moscow Exchange. On the date publication of this report only series BO-02 bonds were placed and traded on the market.

 

PJSC NCSP ruble bonds

 

Issue

 BO-01

 BO-02

 BO-03

 BO-04

 BO-05

 Issue size

 5 bln rubles

4 bln rubles

 4 bln rubles

 3 bln rubles

 2 bln rubles

 Coupon rate

 1st coupon ahead of placement or in bidding, remainder according to issue documents

Coupons 1-6 – 9% annually

 1st coupon ahead of placement or in bidding, remainder according to issue documents

 1st coupon ahead of placement or in bidding, remainder according to issue documents

 1st coupon ahead of placement or in bidding, remainder according to issue documents

 Coupon period

 Semi-annual

Semi-annual

 Semi-annual

 Semi-annual

 Semi-annual

 Coupon accrual start date

 2013

02.05.12

 2013

 2013

 2013

 Maturity date

 2016

29.04.15

 2016

 2016

 2016

 Issue status

 Planned

In circulation

 Planned

 Planned

 Planned

 State registration number

 4B02-01-30251-E

 4B02-02-30251-E

 4B02-03-30251-E

 4B02-04-30251-E

 4B02-05-30251-E