New Issue: Russia's Novorossiysk Port sells $300 million five-year bonds at 7%

By Reshmi Basu

New York, May 11 - Novorossiysk Port Capital SA (NCSP) priced a $300 million debut offering of five-year notes (Ba2) at par to yield 7%, according to a market source.

Morgan Stanley was the bookrunner for the transaction.

The issuer is the second-biggest port for Russian crude oil exports.

Issuer:	Novorossiysk Port Capital SA (NCSP)
Amount:	$300 million
Issue:	Debut bonds
Maturity:	May 17, 2012
Coupon:	7%
Issue price:	Par
Yield:	7%
Bookrunner:	Morgan Stanley
Pricing date:	May 11
Settlement date:	May 17
Ratings:	Moody's: Ba2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.