The Board of Directors of New Forwarding Company, OJSC adopted a decision to place three issues of 10-year stock bonds of BO-04 - BO-06 series for 5 billion rubles each.
The corresponding decision was made at the meeting on Friday. Each issue consists of 5 million securities with a nominal value of 1 thousand rubles.
As of today, there are 3 issues of the Company's bonds in circulation, which shall be paid off in spring/summer of 2015. This refers to one issue of 5-year straight bonds with a value of 3 billion rubles (to be paid off by July, 2015) and two issues of 3-year stock bonds with a value of 5 billion rubles each (to be paid off by March, 2015).
New Forwarding Company, OJSC is a part of Globaltrans Group. This railway operator has been in business since 2003 and is engaged in carriage of products of metallurgical and ore-dressing factories, as well as bulk-oil and other cargos.
Globaltrans specializes in transportation of metallurgical cargos, oil products, construction cargos, and coal. Each of owners of N-Trans Group owns 11.5% of shares: Konstantin Nikolayev, Nikita Mishin and Andrei Filatov; 6.3% belong to Alexander Yeliseyev, former Chairman of the Board of Directors; 4.5% belong to Sergei Maltsev, Director General of the Company. Free float is 54.5% of shares. The fleet of the Company includes approximately 66 thousand cars (mainly open box cars and tank cars).
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