On 26 March 2021, VIS FINANCE LLC made another bond placement on MOEX, this time worth 2 billion roubles, with BCS Global Markets acting as the Arranger.
A long marketing campaign (including an online workshop by Cbonds-Congress), coupled with professional collaboration between the Issuer and the Arrangers drove enough demand to ensure the full amount placement.
The first coupon rate target during the marketing process was no higher than 9,25% per annum (the yield to maturity no higher than 9,58% per annum). As part of bookbuilding, the coupon was set at 9,15% per annum, setting the yield to maturity at 9,47% per annum. The issuе has a maturity of three years. The issue is assigned 'A(RU)' bond rating by Russia’s rating agency ACRA.
VIS Group JSC ('A(RU)' by ACRA) is a Russian infrastructure holding that is one of the leaders in the domestic PPP market and is also on the list of Russia’s systemically important companies. It invests own funds into new transport, social and utilities infrastructure through PPPs and concessions, managing each stage of their lifecycle (structuring projects, raising funds, building and maintaining new sites). According to the Group's 2020 financial report, revenue totaled 22 billion roubles, EBITDA was at 4.3 billion roubles, EBITDA margin stood at 20%, while net debt/EBITDA was 0.6х.
It has recently come to our attention that some individuals in Estonia with whom we have no business relationship have received phone calls from an individual purporting to be a BCS GM employee and soliciting BCS GM investment services and investments. Please note that BCS GM does not maintain an office in Estonia. We also take no action to promote our services in Estonia through phone calls or otherwise. If you ever have any questions of whether a person contacting you is actually an employee of BCS GM, please do not hesitate to contact us at +44 20 7065 2161 or email at email@example.com
We also strongly recommend that you report any such cases to the national police.