CJSC SSMO LenSpetsSMU discharges its obligation to pay the thirteenth coupon and amortization of debt under its series 02 bond-secured loan

16.03.2016

On 15 March 2016, with respect to the series 02 CJSC SSMO LenSpetsSMU bond-secured loan (state registration number 4-02-17644-J) the obligations entailed in paying the thirteenth coupon and amortization of debt amounting to 11% of principal amount were discharged in full and on time.

A total of RUB 550 mn of principal amount, calculated on the basis of RUB 110 per bond and RUB 143.1 mn in coupon yield, calculated on the basis of RUB 28.62 per bond (12.9% per annum), were paid.

After the repayment, the obligation of CJSC SSMO LenSpetsSMU under its series 02 bond-secured loan decreased from RUB 4.45 bn to RUB 3.9 bn.

REFERENCE:

The series 02 CJSC SSMO LenSpetsSMU bond-secured loan (state registration number 4-02-17644-J dated 20 November 2012), totaling RUB 5.0 bn, was placed on 18 December 2012 for a term of 5 years without any offer (put-option), and with an amortized repayment schedule and quarterly coupons at the amount of 12.9% per annum.

As of 16 January 2013, trading commenced on the MICEX Stock Exchange for the circulation of series 02 CJSC SSMO LenSpetsSMU bonds.

In February 2013, series 02 CJSC SSMO LenSpetsSMU bonds were added to the Bank of Russia’s Lombard list. Aside from the Lombard list, series 02 CJSC SSMO LenSpetsSMU bonds are included on the list of securities cleared as security under direct REPO trades.

In June 2014 series 02 CJSC SSMO LenSpetsSMU bonds were transferred to the Level 1 (the highest) of the updated List of Securities admitted to trading on CJSC MICEX Stock Exchange according to Moscow Exchanges new listing rules which came into effect on 9 June 2014.

On 11 February 2016, Standard & Poor's affirmed 'B+' (international scale) and 'ruA' (national scale) issue level rating with respect to the series 02 CJSC SSMO LenSpetsSMU bond-secured loan (state registration number 4-02-17644-J). Recovery rating “3” has been withdrawn due to changes in analytical approach of Standard & Poor’s to assigning issue ratings in jurisdictions classified in Group C (Russia, Kazakhstan, and Ukraine).

The arrangers of the loan are JSC Alfa-Bank, PJSC Promsvyazbank and PJSC Raiffeisenbank. NSD CJSC NRD, as the depositary administering the mandatory centralized storage of the certificate of issue for series 02 CJSC SSMO LenSpetsSMU bonds, is responsible for the transfer of bond payments to its depositors.

CONTACT DETAILS:

Savchuk Ksenija

Head of Public Relations

+7 (812) 348-21-25, e-mail: Kseniya.Savchuk@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 349-38-40, e-mail: Yana.Yashchenko@etalongroup.com