PJSC Mostotrest Board Meeting Held on October 24, 2016
The Board of Directors approved Mostotrest Exchange-Traded Bond Program and the Securities Prospectus related to bonds to be offered under the Program, with a total nominal value of up to RUB100 billion, or a foreign currency equivalent. Mostotrest intends to submit the adopted Program to CJSC MICEX Stock Exchange till the end of October 2016.
On December 3, 2015, the Bank of Russia registered 8 bond issues with a total nominal value of RUB100 billion, of which 2 issues with a total nominal value of RUB10 billion were successfully placed in July and August 2016.
NOTES TO EDITORS
Mostotrest is a major, diversified infrastructure construction company, with an established presence in all core and related market segments, and a participant in Russia’s first public-private partnership projects. According to EMBS Group, an independent industry consultancy, in 2015 Mostotrest held a 13.9% share of the total Russian transport infrastructure construction market.
Mostotrest’s core competences include construction and reconstruction of bridges, roads and other transport infrastructure facilities; provision of road maintenance, repair and operating services. In 2012, Mostotrest also entered a new segment: management of road concessions.
The company was established in 1930 as a developer of complex and oversized bridges.
Mostotrest is currently participating in the implementation of a number of complex transport infrastructure development projects, such as construction of the Section 4 (km 208 – km 258) and Section 6 (km 334 – km 543) of the M-11“Moscow – St Petersburg” Toll Highway, construction and reconstruction of segments of the M-4 “Don” highway, construction of Kerch Bridge.
Mostotrest Ownership Structure:
94.2%: OJSC TFK-Finance;
5.8%: free float.For more detailed Company information, please visit www.mostotrest.ru