OREANDA-NEWS. December 28, 2011. LenSpetsSMU fulfilled its obligations to investors for the redemption of the 8th coupon and amortization of 20% of the 01 series of bonds (reg. 4-01-17664-J dated 12.11.2009) in full and on time.

In total, 47.34mn rubles of the coupon and 400mn rubles of the nominal value were paid off. The coupon was paid at a rate of 23.67 rubles per bond; equaling 16.00% of the annual coupon rate. The outstanding indebtedness of this issue is 800mn rubles.

As of 02 December 2011 bonds series 01 traded at a price of 102.50% above par, with a duration of 0.49 years; corresponding to yields of 11.38% per annum.

Based on these redemptions, the credit portfolio now totals 344.0mn USD as of 13.12.2011, with net debt at 302.5mn USD.