New Issue: Russia-focused Global Ports prices $350 million notes due 2022 at par to yield 6 7/8%

By Christine Van Dusen

Atlanta, April 12 – Russia-focused Global Ports Investments plc priced $350 million notes due in January 2022 (expected rating: //BB+) at par to yield 6 7/8% on Monday, a market source said.

JPMorgan, ING Bank, RBI, Sberbank, Unicredit and VTBC were the bookrunners for the Rule 144A and Regulation S notes, which were issued via Global Ports (Finance) plc.

Cyprus-based Global Ports operates the container terminal that serves Russian cargo flows.

Issuer:	Global Ports (Finance) plc
Amount:	$350 million
Maturity:	January 2022
Description:	Notes
Bookrunners:	JPMorgan, ING Bank, RBI, Sberbank, Unicredit, VTBC
Coupon:	6 7/8%
Price:	Par
Yield:	6 7/8%
Trade date:	April 11
Expected rating:	Fitch: BB+
Distribution:	Rule 144A and Regulation S

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