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Issue of Debt

18 Oct 2016 16:38

RNS Number : 8760M
Global Ports Investments PLC
18 October 2016
 

 

 

For immediate release 18 October 2016

 

 

Global Ports Investments PLC

 

Global Ports registers prospectus for 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 Vostochnaya Stevedoring Company ("VSC"), the Company's 100% subsidiary, has today registered a prospectus for a Rouble-denominated Bond Program with the Central Bank of Russia. The Program provides VSC with the potential over a period of up to three years to issue bonds in six tranches of 5 billion Russian roubles each for a total amount of up to 30 billion Russian roubles with a maturity of up to 10 years.

The Program was initially envisaged as one of the means to optimize VSC's debt portfolio, which has instead been refinanced with the proceeds of the Group's recent Eurobond issue.

 

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Yana Gabdrakhmanova

+357 25 313 475

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com

Teneo Blue Rubicon

Laura Gilbert / Sabine Pirone

+44 20 7260 2700

E-mail: globalports@teneobluerubicon.com

NOTES TO EDITORS

Global Ports Investments PLC is the leading operator of container terminals in the Russian market as measured by container throughput.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates or has joint venture interests in 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 or has joint venture interests in 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 the first half of 2016 was USD 163.7 million and Adjusted EBITDA was USD 111.5 million*. The total marine container throughput was 771 thousand TEU* in the first half of 2016.

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).

*Certain financial and operational information which is derived from the management accounts is marked in this announcement with an asterisk {*}. Reconciliations and definitions for Adjusted EBITDA can be found in Appendix 2 and Appendix 3, respectively, of the Group's 2016 Interim Results, available at:

www.globalports.com/globalports/upload_docs/press/Global_Ports_1H16_Results_Release.pdf

For more information please see: www.globalports.com

LEGAL DISCLAIMER

Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.


[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 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
 
END
 
 
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