Global Ports Investments PLC has announced that its 100% subsidiary Vostochnaya Stevedoring LLC (VSC) has successfully priced 7.5 bn rubles non-convertible interest-bearing bonds for a 5-year term with a fixed coupon rate of 9.55% per annum.
The settlement date on Moscow Exchange is scheduled for November 23, 2021.
Proceeds from the issuance will be used to refinance existing debt of the Group aligning debt portfolio with the FX currency composition of revenue and thereby minimises the Group’s FX risks and reduces interest expenses.