On July 16, 2010, the maiden bond issue of OJSC New Forwarding Company (NFC), a Russian subsidiary of Globaltrans Group was placed at the MICEX Stock Exchange. The bond issue value totals 3 bln. rubles (approx. 98 mln USD), with the maturity period of 5 years and the coupon rate of 9.25% per annum.
The issue terms include flat rate depreciation and call option in 2.5 years upon placement. Globaltrans Investment Plc is security for loan. The bonds placement profits are planned to be used for refinancing and general corporate purposes.
The issue was managed by VTB Capital, joint bookrunners being OTP Bank and Sberbank, co-underwriters being CreditSwiss, IK Capital, Alpha-Bank, VBRR, Petrocommerce Bank and UBS Bank.
OJSC New Forwarding Company (member of Globaltrans Group) is one of the largest independent companies in the Russian market for railway freight and cargo transportation. NFC is a leader among the private railway rolling stock operators in freight transportation for iron and steel and ore-dressing and processing companies, in oil tanks and other cargo transportation. For further information, please see the company web-page at www.npktrans.ru.
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