OREANDA-NEWS. February 19, 2010. Ust-Luga Company JSC paid the coupon profit on the 12th coupon and paid off the par value of series 01 bonds (state registration number 4–01–00274-D dated 28.11.2006). The Issuer’s obligation to pay the coupon profit and to pay off the par value of the bonds was fulfilled in full volume and in a timely manner.

According to Marina Kondtratieva, Finance Director of Ust-Luga Company, this was a debut loan, the first step of the Company towards the stock market. The debut proved to be successful both from the issuer’s point of view (low coupon rate of 9.9% per annum) and from the point of view of the bonds buyer (guaranteed repayment). The total coupon payments amounted to 14,808,000 rbl. and the paid off par value was 600,000,000 rbl.

As noted by Maxim Shirokov, General Director of Ust-Luga Company, the tough conditions of the financial crisis did not affect the company’s timely fulfillment of its external obligations: all coupon payments and the principal debt repayment were made on time. Considerable support to the issue was provided by the guarantee of Leningrad region.