Globaltrans Russian subsidiary plans RUB 5 billion of five-year bonds

By Susanna Moon

Chicago, Jan. 31 – Globaltrans Investment plc said wholly owned subsidiary OJSC New Forwarding Co. plans to price RUB 5 billion of five-year bonds.

Proceeds will be used to refinance debt and for general corporate purposes, according to a company announcement.

Globaltrans is the guarantor.

As announced Jan. 17, New Forwarding obtained an up to RUB 100 billion 20-year exchange-traded bond program.

The program expands the sources of funding and flexibility available to the group to finance its corporate needs, the previous release said.

Globaltrans is a private freight rail transportation group operating in Russia, with subsidiaries in Ukraine and Estonia. Globaltrans Investment is incorporated in Cyprus.

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