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Summa Group News 2015 - February PT3

11044c06b8c718f728e20d462a877ece?s=47 Summa
March 04, 2015

Summa Group News 2015 - February PT3

Summa Group's FESCO confirms bond circulation proposal has been considered and the NCSP increases it's cargo turnovers.

11044c06b8c718f728e20d462a877ece?s=128

Summa

March 04, 2015
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  1. Summa Group News All the latest news from the Summa

    Group Summa Group 2015 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY February 2015 – Part 3
  2. BOND CIRCULATION PROPOSAL ACCEPTED As per the Summa Group News

    2015 (Feb PT 1) report, FESCO has proposed a change in terms and conditions on Rouble bond circulation. The Far East Shipping Company (FESCO) has accepted the proposal to change the terms and conditions on Rouble bond series BO-02, in order to optimise its debt maturity profile. A meeting will be called with General Rouble Bonds holders in late March in order to make a final decision on the matter. While the parameters are being proposed, the Issuer of the Rouble Bonds has the right to change or recall the amendments to the conditions at any time. Summa Group 2015 – Feb – PT3 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY FESCO has significantly improved the conditions for coupon payments as well as relating to the amortization of the Rouble Bonds nominal value. Details expect to be confirmed by April 2015.
  3. NCSP GROUP CARGO INCREASES IN JANUARY 2015 The NCSP has

    announced that its consolidated cargo turnover for January 2015 has climbed higher than December 2014 and January 2014, by 40.5% and 16.2% respectively. This January saw NCSP consolidate its overall NCSP cargo statistics with some unexpected results for 2014, yet this month they have increased their cargo turnover to 12.7 million tonnes exceeding both January and December’s stock. CEO of NCSP Sultan Batov commented on the operating results, “January cargo traffic increased 16.2% year-on-year and 40.1% versus previous month. This is conditioned by shifting of material volumes of crude oil exports from December 2014 to January 2015 in view of oil export duty cut from $277.5 to $170.2 per tonne, as well as by season increase in export of summer sorts of diesel fuel due to low demand on domestic market.” The break down of cargo transportation includes: Summa Group 2015 – Feb – PT3 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY • Liquid Cargo – 10 243.1 thousand tonnes • Bulk Cargo – 963.3 thousand tonnes • General Cargo – 1 093 thousand tonnes • Containers – 367.3 thousand tonnes/372 thousand TEU.
  4. ABOUT THE SUMMA GROUP Summa Group specialises and invests in

    port logistics, engineering, construction, oil and gas sectors as well as telecommunications. Summa Group is a diversified private holding that comprises of more then 10 000 people in 40 regions of Russia and abroad. Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group, which celebrated its 10 year anniversary in 2014. Summa Group 2015 – Feb – PT3 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY