03 December 2020
Global Ports’ subsidiary prices RUB notes, successfully reduces interest expenses
Global Ports Investments PLC (“Global Ports” or the “Company”, together with its subsidiaries and joint ventures, the “Group” or the “Global Ports Group”; LSE ticker: GLPR) announces that its 100 % subsidiary Vostochnaya Stevedoring Limited Liability Company (VSC) has successfully priced RUB5 billion non-convertible interest-bearing bonds for a 5-year term with a fixed coupon rate of 6.55% per annum.
The settlement date on Moscow Exchange is scheduled for 9 December 2020. Proceeds from the issuance will be used to refinance existing debt of the Group, which will overall lead to interest expenses’ reduction.
The settlement date on Moscow Exchange is scheduled for 9 December 2020. Proceeds from the issuance will be used to refinance existing debt of the Group, which will overall lead to interest expenses’ reduction.