Global Ports successfully refinanced part of its debt portfolio
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 First Container Terminal Incorporated (“FCT”), the Company’s 100% Russian subsidiary, on 18 December 2015 successfully priced a 5-year Russian rouble denominated bond for a total amount of RUB 5 billion at a fixed coupon rate of 13.1% per annum. The settlement on MOEX took place on 22 December 2015. Proceeds from the bond issuance were swapped into USD and used for the refinancing of Group debt.
This bond issue is part of the program announced on 4 December 2015, which gives FCT the potential to issue bonds, if market conditions present suitable opportunities, in six tranches of RUB 5 billion each for a total amount of up to RUB 30 billion over a period of up to three years.