LenSpetsSMU fulfills redemption obligation for 4th Eurobond coupon payment


On Wendsday 09 November, CJSC SSMO “LenSpetsSMU” fulfilled its obligations to investors for the redemption of the 4th coupon on Eurobonds (LPN) in full and on time.

Sum of interest paid amounted to 3 656 250 US dollars.

The total consolidated indebtedness as of November 09, 2011 stands at $368 mil with a net debt of $332 mil.


On 15 November 2010, LenSpetsSMU placed Eurobonds (LPN) for an amount of $150mn. LPNs have an amortization repayment scheme which dates the last payment as due on 09 November 2015. The structure of the loan does not provide for any put options and the interest rate is fixed at a level of 9.75%.

The issue was arranged by IC UFS (LLC). The legal adviser of the transaction was Allen & Overy. The tax advisor was Pepeliaev Group, the trustee is TMF Group and Deutsche Bank (London branch) acting as paying agent.


Elena Kazakova, Head of Public Relations

tel. (812) 348-21-25, e-mail: Elena.Kazakova@etalongroup.com

Viktor Vasenev, Deputy CFO

tel. (812) 348-09-95, e-mail: Viktor.Vasenev@etalongroup.com