On 8 July 2019, primary placement of Baltic Leasing OOO in the amount of 4 bn rubles took place at Moscow Exchange.
The issue arrangers were Alfa-Bank, BCS Global Markets, Otkritie FC Bank. The marketing range of the rate for placement was 9,4-9,6% p.a., upon completion of bookbuilding, the demand amounted to RUB 13 bn. More than 90 bids were received from a wide range of investors (banks, management companies, insurance companies, private investors). The final coupon rate was set at 9.2% per annum. Quarterly coupon payments and amortization are envisaged for the issue, starting from the first coupon payment date. The tenor is 3 years. Five issues of Baltic Leasing OOO bonds are circulated in the market at the moment.
Baltic Leasing OOO is a universal leasing company specializing in leasing of vehicles (62% of the portfolio), primarily to SMEs, it is one of Russia’s top 10 largest leasing companies in terms of the portfolio volume, and it holds the 8th position in terms of the new business volume in 2018.
The company has a vast regional network with 73 branches, providing services to more than 15,000 customers. The regional network accounts for 87.5% of the new business of the company. The Volga, North-West, Central and Siberian federal districts have the largest volume in the leasing portfolio.
The bond issuer is Baltic Leasing OOO (the main operational company of the Group), it has the ruA/stable rating assigned by RAEX (Export RA).