LenSpetsSMU fulfills its redemption obligations for the third coupon of the 01 series bonds


On 20 September 2010, LenSpetsSMU fulfilled its obligations to investors for the redemption of the 3rd coupon of the 01 series of bonds (reg. 4-01-17644-J dated 12.11.2009) in full and on time.

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

As of 09 September 2010 bonds series 01 traded at a price of 107.21% above par, with a duration of 1.13 years corresponding to yields of 10.05% per annum.


The bonds series 01 for the amount of 2.0bn rubles was placed on 23 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 during 2009.

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

LenSpecSMU’s bonds 01 series are included in the list of securities accepted in the provision of direct REPO transactions by the Central Bank of RF.

In addition to the list of direct REPO, since 2008 LenSpetsSMU has been included on the Bank of Russia List of Organizations (a list of companies whose bills and indebtedness can be accepted by Central Bank of Russia as security against credit given to commercial banks), and since 2010 also in section V.2 of the Bank of Russia Lombard List.

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