By Mary-Katherine Stinson
Lexington, Ky., Nov. 18 – Global Ports Investments plc announced that its wholly-owned subsidiary Vostochnaya Stevedoring LLC priced RUB 7.5 billion of 9.55% interest-bearing bonds for a five-year term, according to a company release.
The proceeds from the bonds will be used to refinance the group’s existing debt and align their debt portfolio with FX currency composition of revenue so as to minimize risk and reduce interest.
The Limassol, Cyprus- based Global Ports Investments plc is a container terminal operator in Russia and Finland.
| Issuer: | Vostochnaya Stevedoring LLC
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| Issue: | Bonds
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| Amount: | RUB 7.5 billion
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| Tenor: | Five years
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| Coupon: | 9.55%
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| Trade date: | Nov. 18
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| Settlement date: | Nov. 23
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