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Loan: Novoship, 2.2007

Loan information

  • Country
    ***
  • Status
    Redeemed
  • Type
    ***
  • View
    ***
  • Volume
    132,000,000 USD
  • Signing
    February 2007
  • Redemption
    February 2015
  • Purpose of the loan
    ***
  • Loan specifics
    Interim loan, Islamic loan, With the participation of an international organization, Subordinated loan, Club credit, Multicurrency loan, Amortized loan, Deal with ECA, ESG
  • senior loan
    ***
  • Settlement rate, %
    ***
  • Loan extension
    ***
  • Increase in loan amount
    ***
  • Data for additional tranche
    ***
  • Purpose of the loan (more)
    ***
  • Changing the terms of the loan
    ***
  • Security and guarantees
    ***
  • Additional Information
    ***

Participants

  • Leading bookrunners
    ***
  • Other members of the syndicate
    ***
  • Shares and remuneration
    ***
  • Investment banks and other agents
    ***

Borrower

Profile
Today Novoship owns and operates 55 modern vessels with total deadweight of 3.7 million tons and an average age of less than 9 years. The current market value of the fleet is around USD 2.4 billion. The Company's newbuildings portfolio includes 18 vessels due before the end of 2009. In 2007 eight new vessels will be delivered to the Company with total deadweight of 770 000 tons. The company's priorities include continued development of Russian fleet, maintaining high safety standards, employing highly professional staff and maximizing shareholders' value. Novoship is a major taxpayer both in Krasnodar region and the Russian Federation. Novoship Group employs nearly 4,500 seafarers and shore-based personnel. Novoship's 16 Russian subsidiaries are actively involved in marine and onshore businesses throughout the south of Russia.
  • Borrower
  • Sector
    corporate
  • Full borrower name
    OAO "Novorossiysk Shipping Company"
  • Industry
    Marine Transportation
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