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Proposed bond and debt profile announced

31.01.18

Globaltrans Investment PLC (“the Company” or together with its consolidated subsidiaries “Globaltrans” or “the Group”) (LSE ticker: GLTR) today announces that Joint-Stock Company New Forwarding Company, a 100% subsidiary of the Group, plans to issue a 5-year Russian rouble denominated bond for a total amount of RUB 5.0 billion. The proceeds from the transaction will be used to refinance debt and for general corporate purposes. Globaltrans will irrevocably undertake to acquire the bonds in case of default of the issuer.

In connection with the subsidiary’s proposed bond issue, Globaltrans also announces the Group’s debt and maturity profile as of 31 December of 2017[1].

 

 

As of 31 December 2017

 

RUB mln

Net debt

11,379

Total debt

16,334

 

Maturity profile

 

Q1 2018

2,600

Q2 2018

1,038

Q3 2018

2,465

Q4 2018

1,181

2019

5,726

2020

1,924

2021-2022

1,400

 

ENQUIRIES

Globaltrans Investor Relations

Mikhail Perestyuk / Daria Plotnikova

+357 25 328 860

irteam(at)remove-this.globaltrans.com

 

For international media

Teneo Blue Rubicon

Zoë Watt / Doug Campbell

+44 20 7260 2700

globaltrans(at)remove-this.teneobluerubicon.com

 

NOTES TO EDITORS

Globaltrans is a leading freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group’s main business is the provision of freight rail transportation services. Globaltrans provides services to more than 500 customers and its key customers include a number of large Russian industrial groups in the metals and mining and the oil products and oil sectors.

The Group has a Total Fleet of about 67 thousand units as of 30 June 2017. Universal gondola cars and rail tank cars constitute the backbone of the Group’s fleet. About 91% of the Total Fleet is owned by the Group with an average age of 11 years.

In 2016, the Group’s Freight Rail Turnover (including Engaged Fleet) was 182 billion tonnes-km. The total revenue of Globaltrans amounted to RUB 69.5 billion in 2016.

Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008. Globaltrans was the first freight rail transportation group with operations in Russia to have an international listing.

Globaltrans has the following credit ratings:

  • Fitch Ratings: BB+, stable outlook
  • Moody’s: Ba2, stable outlook
  • Expert RA: ruAA, stable outlook

To learn more about Globaltrans, please visit www.globaltrans.com

 

LEGAL DISCLAIMERS

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, or an advertisement for, securities in any jurisdiction, including the United States, the Russian Federation, Australia, Canada or Japan. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.


[1] Derived from management accounts.

Last updated: 08.02.2018