LenSpetsSMU meets tenth coupon obligations and amortization of 01 series bonds

14.06.2012

On 13 June 2012, LenSpetsSMU fulfilled its obligations to investors for the redemption of its 10th coupon and amortization of 20% of the 01 series of bonds (reg. 4-01-17644-J dated 12.11.2009) in full and on time. The payment was made on the first working day following public holidays in the Russian Federation.

In total, 31.56mn rubles of the coupon and 400mn rubles of the nominal value were paid off. The coupon was paid at a rate of 15.78 rubles per bond; translating as 16.00% of the annual coupon rate. The nominal value was paid at a rate of 200 rubles per bond. The outstanding indebtedness of this issue is 400mn rubles.

As of 30 May 2012 bonds series 01 have been trading at a price of 101.75% above par at a duration of 0.27 years; corresponding to yields of 9.78% per annum.

Based on these redemptions, the credit portfolio now stands at 315.4mn USD as of 13.06.2012, with net debt at 138.1mn USD.


REFERENCE:

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

The paying agent for the loan is Alfa-Bank (OJSC).

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

MICEX SE included the bonds in the Quotation List “B” for December 2010.

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 direct REPO list, 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.


CONTACT DETAILS:

Elena Kazakova

Head of Public Relations

(812) 348-21-25

Elena.Kazakova@etalongroup.com

Yana Yashchenko

Deputy CFO

(812) 349-38-40

Yana.Yashchenko@etalongroup.com