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Summa Group 2015

Summa Group
News
All the latest news from the Summa Group
February 2015 – Part
3

FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY

Summa Group 2015 – Feb – PT3

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 BO02, in order to optimize 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.

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.

FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY

Summa Group 2015 – Feb – PT3
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 ton, 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:




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.

FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY

Summa Group 2015 – Feb – PT3

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.

FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY