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.
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
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