Subsidiary’s bonds successfully priced at a coupon rate of 10.00%; issue more than two times oversubscribed


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.”

Globaltrans Investor Relations

Mikhail Perestyuk
+357 25 503 153

For international media
Holloway & Associates
Laura Gilbert / Zoe Watt
+44 20 7240 2486

Globaltrans is Russia’s leading private freight rail transportation group and the first such group to have an international listing.

Globaltrans Investment PLC is incorporated in Cyprus with major operating subsidiaries located in Russia, Ukraine and Estonia. The Group provides freight rail transportation, railcar leasing, and certain ancillary services to clients in Russia, the CIS countries and the Baltics.

The Group’s fleet of rolling stock owned and leased under finance and operating leases amounted to 49,529 units at 30 June 2011, including 28,776 gondola cars, 20,207 rail tank cars, 56 locomotives and 490 other railcars.

The Group’s Freight Rail Turnover in the first six months of 2011 amounted to 57.5 billion tonnes-km with 36.4 million tonnes of freight transported. In the first six months of 2011 the Group’s Adjusted Revenue amounted to USD 603.6 million with Adjusted EBITDA reaching USD 256.5 million.

Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008.

To learn more about Globaltrans, please visit

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.