LenSpetsSMU fulfills its redemption obligations for a coupon of the 01 series bonded loan


On 21st June 2010, LenSpetsSMU fulfilled its obligations to investors for the redemption of the 2nd coupon of the bonded loan of 01 series (4-01-17644-J dated 12.11.2009). The 2nd coupon was redeemed in full and on time.

In total 78.9 mn rubles was paid off, at a rate of 39.45 rubles per one bond, which equals 16.00% annual coupon rate.


The bonded loan of 01 series for the amount of 2.0 bn rubles was placed on 23rd December 2009 for a 3-year term. The structure of the loan does not provide for any put options.

The arrangers of the loan are Alfa-Bank (OJSC) and Promsviazbank (OJSC).

The placing of LenSpetsSMU’s loan became the first and the only one for companies in the construction industry in 2009.

Standard & Poor’s rating agency assigned the credit rating ‘B’ according to the international scale to this bond issue.

The paying agent of the loan is Alfa-Bank (OJSC).


Natalia Menzel, Head of Public Relations

tel. (812) 348-21-25, e-mail: menzel_n@lenspecsmu.ru

Viktor Vasenev, Deputy CFO

tel. (812) 348-09-95, e-mail: vasenev_v@lenspecsmu.ru