LenSpetsSMU fulfills redemption on 6th Eurobond coupon payment


On Thursday 10 May 2012, CJSC SSMO LenSpetsSMU fulfilled its obligations to investors for the redemption of its 6th coupon on Eurobonds (LPN) in full and on time. The payment was made on the first working day after May 9, 2012, a non-working holiday in the Russian Federation.

The amount of interest paid totaled USD 3 696 875.


On 15 November 2010, LenSpetsSMU placed Eurobonds (LPN) totaling USD 150mn. The LPNs have an amortization repayment scheme which dates the final 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 9.75%.

The legal adviser on the issue was Allen & Overy. The tax advisor was Pepeliaev Group, the trustee is TMF Group with Deutsche Bank (London branch) acting as the paying agent.


Elena Kazakova

Head of Public Relations

(812) 348-21-25


Yana Yashchenko

Deputy CFO

(812) 349-38-40