LenSpetsSMU fulfills seventh coupon redemption obligations for БО-02 series bonds


On 24 February 2012, LenSpetsSMU fulfilled its obligations to investors for the redemption of the 7th coupon of the БО-02 series of bonds (reg. 4B02-02-17644-J dated 12.04.2010) in full and on time.

In total, 54.2mn rubles of the coupon were paid off. The coupon was paid at a rate of 27.11 rubles per bond; equaling 14.50% of the annual coupon rate.

As of 24 February 2012 bonds series БО-02 has been trading at a price of 102.13% above par, with a duration of 0.77 years; generating yields of 12.24% per annum.

Based on these redemptions, the credit portfolio now stands at 344.9mn USD as of 27.02.2012, with net debt at 143.5mn USD.


The exchange bonds series БО-02 for an amount of 2.0bn rubles was placed on 27 May 2010 on a 3-year term. The loan structure does not provide for any put options.

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

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

LenSpetsSMU’s exchange bonds БО-02 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 featured 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 for credit given to commercial banks), and since 2010 has also featured on section V.2 of the Bank of Russia Lombard List.

The paying agent of the loan is Promsviazbank (OJSC).


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