LenSpetsSMU’s results of the financial year

30.12.2013

The expiring year 2013 LenSpetsSMU group made efforts and successfully implemented several projects, focused on financial risks minimization and company’s credit profile improvement. LenSpetsSMU’s key events of 2013 are:

  • CJSC SSMO LenSpetsSMU has become the first construction company in Russia to obtain a ‘B+’ credit rating from international rating agency Standard & Poor’s. Also in 2013 the national scale rating increased from ‘ruA’ to ‘ruA+’. The outlook is stable.
  • The series 02 CJSC SSMO LenSpetsSMU bond-secured loan, placed in December 2012, was the company’s first securities placement to be included on the quotation list «A1 »at CJSC MICEX Stock Exchange.
  • As part of loan portfolio optimization and financial risks minimization in 2013, LenSpetsSMU reduced level of short-term and foreign currency borrowings totaling 160 mn USD, including early payment of eurobonds, placed in 2010.
  • Fulfillment of obligations of partial redemption loan indebtedness of OJSC Bank St. Petersburg, CJSC Raiffeisenbank, OJSC Alfa-Bank in full and on time, аns also repayment БО-02 series of bonds, placed in May 2010, totaling 2 bn rubles.
  • signing new credit agreements totaling approximately 3.9 bn rubles, to provide needs of the company the incoming year 2014.

LenSpetsSMU group sincerely congratulates all the investment community, industry colleagues and business partners with happy new year and wishes in the coming Olympic year only victories!!!

CONTACT DETAILS:

Elena Kazakova

Head of Public Relations

+7 (812) 348-21-25

Elena.Kazakova@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com