OREANDA-NEWS. October 11, 2011. On September 14th 2011, LenSpetsSMU fulfilled its obligations to investors in full and on time for the payment of a 7th coupon bond issue on the 01 series (4-01-17 664-J from 12.11.2009).

In total, 47.3 mn roubles were paid with the coupon based on 23.67 roubles per bond (16.00% per annum).

As of September 5th 2011, 01 series bonds were trading at a price of 104.48% above par, the duration of 0.71 years corresponding to yields of 10.15% per annum.

SUMMARY:

The bonded debt of the 01 series of USD  2.0 bn was posted December 23, 2009 for a period of 3 years. An offer (put option), within the structure of the loan, was not provided.

The loan was organised through Alfa-Bank and PSB.

LenSpetsSMU became the first and only construction company to place in 2009.

Standard & Poor's has assigned ratings to this issue of 'B' on its international scale.

Bonds Series 01 (as well as BO-02 stock) is included in the list of securities accepted as collateral for repo transactions by the Central Bank.

In addition to the list, LenSpetsSMU since 2008, has been on the Bank of Russia's list of organizations whose bills and debts on loans can be accepted as collateral for loans to commercial banks, as well as in section V.2 of the Lombard List of the Bank of Russia since 2010.

The payment agent for the loan is Alfa-Bank.