Feb. 15 Ust Luga Company placed the first issue of bonds in the volume of 600mln rub., the company informed.
The bonds were placed through the open offering to cover 600th bonds of 1th rub. par. The bonds are of the 3-year maturity. KIT Finance Investment Bank is an issue arranger; the backing being provided by the regional administration.
The raised funds will be used to build the port infrastructure. The project is appraised to demand 783mln rub.; 183mln rub. being provided out of own funds.
Ust Luga Company is a consumer of the Merchant Sea Port building in the Baltic Sea. The 2007-net profit is assumed to be down 20.2% to $4.98mln from $6.242mln in 2006.
Russian Railways bought back 8.5% in Ust Luga Company for 184.52mln rub.
The bonds were placed through the open offering to cover 600th bonds of 1th rub. par. The bonds are of the 3-year maturity. KIT Finance Investment Bank is an issue arranger; the backing being provided by the regional administration.
The raised funds will be used to build the port infrastructure. The project is appraised to demand 783mln rub.; 183mln rub. being provided out of own funds.
Ust Luga Company is a consumer of the Merchant Sea Port building in the Baltic Sea. The 2007-net profit is assumed to be down 20.2% to $4.98mln from $6.242mln in 2006.
Russian Railways bought back 8.5% in Ust Luga Company for 184.52mln rub.