OREANDA-NEWS. March 07, 2012. NCSP Group (LSE: NCSP; MICEX: NMTP) reports that PJSC “NCSP” Board of Directors meeting will be held on 4 March 2012. The meeting’s agenda consists of the following questions:

·           Issue of Ruble bond tranches B0-1, B0-2, B0-3, B0-4 and B0-5;

·           Approval of “Decision of issue” for Ruble bond tranches B0-1, B0-2, B0-3, B0-4 and B0-5;

·           Approval of the Offering circular.

Deputy CEO for finance and economy Andrei Bubnov commented: “Members of the Board of Directors will decide on the approval of the offering documents which give the company the ability to issue 5 tranches of Ruble bonds with the total par value of 18 billion rubles.”

The par value of the ruble bond tranches B0-1, B0-2, B0-3, B0-4 and B0-5 are 5 billion rubles, 4 billion rubles, 4 billion rubles, 3 billion rubles and 2 billion rubles respectively.

“This is expected to give the company the necessary flexibility to select tranches as and when specific borrowing needs appear,” – Andrei Bubnov added.