LenSpetsSMU fulfills redemption obligation for 5th Eurobond coupon payment


On Thursday 09 February, CJSC SSMO “LenSpetsSMU” fulfilled its obligations to investors for the redemption of the 5th 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 February 09, 2012 stands at $342 mil with a net debt of $167 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

Elena Dykova, Lead economist of financial department

tel. (812) 348-42-73, e-mail: Elena.Dykova@etalongroup.com