OREANDA-NEWS. On 26 May 2009 PJSC Novorossiysk Commercial Sea Port (LSE: NCSP, RTS AND MICEX: NMTP) reported the payment of the fourth coupon on Eurobonds due in 2012.

Coupon interest paid totaled USD 10.5 million or USD 35 per bond. Payment was made in full and on schedule.

The coupon is paid every six months at 7% annual interest rate. Moody’s rated the USD 300 million Eurobond issue (ISIN XS0300986337) as Ba1 and Standard & Poor’s assigned a rating of BB+.

About NCSP Group

Novorossiysk Commercial Sea Port is the largest Russian port operator in terms of cargo turnover. Group’s consolidated cargo turnover in 2008 totaled 81.6 million tonnes.

NCSP shares are traded on the London Stock Exchange (NCSP) and Russia’s RTS and MICEX exchanges (NMTP). Consolidated revenue to IFRS for the 2008 totaled USD 653.777 million.

NCSP Group includes the following stevedore companies: PJSC NCSP, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.