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Global Ports Plans RUB-Denominated Bond Program

12 Jul 2016 15:32

RNS Number : 9827D
Global Ports Investments PLC
12 July 2016
 

 

 

For immediate release 12 July 2016

Global Ports Investments PLC

Global Ports Plans New Rouble-Denominated Bond Program

Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries and joint ventures, the "Group" or the "Global Ports Group"; LSE ticker: GLPR) announces that the Board of Directors of First Container Terminal Incorporated ("FCT"), the Company's 100% subsidiary, will meet on 15 July 2016 to consider the approval of the prospectus for a new Russian rouble-denominated Bond Program. If approved, this new program, with no fixed expiration date, will replace the previous one which required renewing annually and was due to expire later this year. It therefore provides a more efficient structure while maintaining the Group's ongoing financial flexibility.

As with the previous program, the issuance of bonds will be undertaken only if market conditions present a suitable opportunity and any proceeds will be used to refinance existing debt and diversify the Group's debt portfolio.

The bond program would provide FCT with the ability to issue bonds for a total amount of up to 50 billion Russian roubles.

 

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev

+357 25 313 475

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com

Teneo Strategy

Laura Gilbert/ Zoe Watt

+44 20 7240 2486

E-mail: globalports@teneostrategy.com.

NOTES TO EDITORS

Global Ports

Global Ports Investments PLC is the leading operator of container terminals in the Russian market.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[1] and Moby Dik[2] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[3] (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4]and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal AS Vopak E.O.S.[5] in Estonia.

Global Ports' consolidated revenue for 2015 was USD 405.7 million and Adjusted EBITDA was USD 291.0 million*. The total marine container throughput was 1,834 thousand TEU* in 2015.

Global Ports' major shareholders are Transportation Investments Holding Limited (operating under the brand name of N-Trans), one of the largest private transportation and infrastructure groups in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 72 ports and 140 inland services facilities, giving the company a global presence in 69 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see: www.globalports.com

 


[1] In which Eurogate currently has a 20% effective ownership interest. 

[2] In which Container Finance currently has a 25% effective ownership interest. 

[3] In each of which Container Finance currently has a 25% effective ownership interest. 

[4] In which Container Finance currently has a 25% effective ownership interest. 

[5] In which Royal Vopak currently has a 50% effective ownership interest. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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