OREANDA-NEWS. March 05, 2012. Globaltrans Investment PLC (the “Company” and together with its consolidated subsidiaries “Globaltrans” or the “Group”; LSE ticker GLTR) announces that its Russian subsidiary OJSC New Forwarding Company has successfully priced three-year Russian rouble (RUB) denominated exchange-traded, non-convertible bonds for a total amount of RUB 10 billion (approximately USD 341 million) at a coupon rate of 10.00% per annum which is significantly below the initial price guidance (10.35-10.85%). Due to strong investor demand the Company decided to increase the total amount of the offering from RUB 5 billion to RUB 10 billion. The order book was almost 2.5 times oversubscribed and more than 60 investors participated in the transaction.

Settlement is scheduled on MICEX for March 6, 2012. The transaction was lead by VTB Capital and Raiffeisenbank.

The proceeds from the bonds will be used to finance the investment programme, refinance existing debt and for general corporate purposes. The Company acted as the guarantor for the issue.

Commenting on today’s announcement Alexander Shenets, CFO of Globaltrans, said: “We are pleased with the success of this bond issue which generated significant demand from investors. This demand, reflecting the high level of investor confidence in both Globaltrans’ strategy and our robust credit quality, enabled us to price the bonds on very favourable terms for the Group. The bond proceeds will support our ongoing investment programme which is focused on producing a major increase in our railcar fleet over the course of 2012.”

Nikita Patrakhin, Member of the Board of Raiffeisenbank, Head of Investment Banking and Corporate Finance division said: “The ability to deliver such an excellent result with a very high level of investor interest was underpinned by the superior quality of Globaltrans’ credit. The resulting oversubscription was impressive and allowed us to close the transaction at a coupon rate that was much better than the initial indicative range.”