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Marine Money Announces SCF Bond Issue - to be European Public Debt Deal of the Year Award Winner

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Winner-2010 in the category Public Debt Europe Marine Money International honored SCF's debut offering, led by Deutsche Bank, J.P.Morgan and VTB Capital. The strength of the order book allowed the company to price an upsized  transaction of $800 million up from $500 million. The seven-year notes, fully guaranteed by Sovcomflot, were priced at par to yield 5.375%, making it the lowest coupon ever achieved on a 7-year tenor by a Russian issuer.

"At  Marine Money we know just how difficult closing transactions can be, so we give this Award with all respect and hope that they give you some of the enormous satisfaction you and your team deserve", is said in congratulation letter.

Commenting on the award, George Weltman, Publisher of Marine Money, said: "In a year of unprecedented change, it is our pleasure to reward creativity, hard work and value creation. This year tested the skills of the entire industry. Winners should feel proud of their achievements and the success they have delivered to their clients. The world of ship finance remained deeply challenging and our winners stood up and met the challenge."

The awards will be presented in June 2011 during Marine Money Week in New York.

SCF  Press-Centre