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GLPR - Global Ports Investments News Story

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Last Trade - 18/09/20

Mid Cap
Market Cap £473.7m
Enterprise Value £1.02bn
Revenue £286.4m
Position in Universe 526th / 1808

Global Ports Inv - Rouble-denominated Bond Program

Fri 4th December, 2015 7:01am
RNS Number : 0034I
Global Ports Investments PLC
04 December 2015

For immediate release 4 December 2015

Global Ports Investments PLC

Global Ports registers prospectus for Rouble-denominated Bond Program

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 ("FCT"), the Company's 100% subsidiary, has today registered a prospectus for a Rouble-denominated Bond Program with the Central Bank of Russia. The Program, which will be commenced only if market conditions present suitable opportunity for such a step, provides FCT with the potential to issue bonds in six tranches of 5 billion Russian roubles each for a total amount of up to 30 billion Russian roubles over a period of up to three years.

The move has 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.


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Global Ports

Global Ports Investments PLC is the leading operator of container terminals in the Russian market.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[1] and Moby Dik[2] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[3] (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4] and Logistika-Terminal, both located in the vicinity of St.Petersburg, and has a 50% stake in the major oil products terminal AS Vopak E.O.S. in Estonia[5].

Global Ports' consolidated revenue in the first half 2015 was USD 214.3 million and Adjusted EBITDA was USD 153.4 million*. The total marine container throughput was 834 thousand TEU* in the firsthalf2015.

Global Ports' major shareholders are Transportation Investments Holding Limited (operating under the brand name of N-Trans), one of the largest private transportation and infrastructure groups in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 62 ports and 135 inland services facilities, giving the company a global presence in 58 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see:

About FCT

FCT is the largest container terminal in Russia by gross throughput and handling capacity (according to ASOP). It is located in the St. Petersburg harbour, Russia's primary gateway for container cargo and was one of the first specialised container terminals to be established in the USSR. FCT's gross container throughput was 941 thousand TEUs in 2014. The Group has a 100% effective ownership interest in FCT.


Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.

[1] In which Eurogate currently has a 20% effective ownership interest.

[2] In which Container Finance currently has a 25% effective ownership interest.

[3] In each of which Container Finance currently has a 25% effective ownership interest.

[4] In which Container Finance currently has a 25% effective ownership interest.

[5] In which Royal Vopak currently has a 50% effective ownership interest.

This information is provided by RNS
The company news service from the London Stock Exchange
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