OREANDA-NEWS. November 18, 2011. CJSC SSMO "LenSpetsSMU" fulfilled its obligations to investors for the redemption of the 4th coupon on Eurobonds (LPN) in full and on time.

Sum of interest paid amounted to 3 656 250 US dollars.

The total consolidated indebtedness as of November 09, 2011 stands at USD 368 mil with a net debt of USD 332 mil.

REFERENCE

On 15 November 2010, LenSpetsSMU placed Eurobonds (LPN) for an amount of USD 150mn. LPNs have an amortization repayment scheme which dates the last 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 a level of 9.75%.

The issue was arranged by IC UFS (LLC). The legal adviser of the transaction was Allen & Overy. The tax advisor was Pepeliaev Group, the trustee is TMF Group and Deutsche Bank (London branch) acting as paying agent.