News

Global Ports’ subsidiary registers Rouble-denominated Bond Programme

Global Ports Investments PLC («Global Ports» or the «Company» and, together with its wholly-owned subsidiaries and joint ventures, the «Group») (LSE ticker: GLPR) today announces that Vostochnaya Stevedoring Limited Liability Company («VSC LLC» or «VSC»), the Company’s 100% subsidiary, has today registered a Rouble-denominated Bond Programme with the Moscow Exchange. The Programme, which will be commenced only if market conditions present a suitable opportunity for such a step, provides VSC with the potential to issue bonds, over an unlimited period of time, for a total amount of up to RUB 30 billion with a maturity of up to 10 years.

The above measures have been taken with the aim of facilitating greater financial flexibility and diversification of the debt portfolio of the Group. Proceeds from such bond issuance, if implemented, are expected to be used for the refinancing of the existing debt of the Group.

About the Company

Global Ports Group is a leading operator of Russian marine terminals. Global Ports runs port facilities that focus on handling various cargo and is the No. 1 operator in Russia by capacity of terminals and container volumes.

Global Ports, the part of Delo Group, operates a network of five marine container terminals in Russia and two in Finland, and a logistics complex near Saint Petersburg.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

< Back to list