MOEX added AO Business Nedvizhimost debut bonds worth 4 billion roubles to its list of fixed income securities, with BCS Global Markets acting as the lead manager. The initial coupon rate of 7.80-8.00% per annum was set as part of bookbuilding at 7.90% per annum, putting the yield to maturity at 8.14% per annum.
AO Business Nedvizhimost owns one of the largest portfolios (79 sites with a total size of 400,000 sq m) of rentable real estate in Moscow and a portfolio of low-rise and countryside properties (around 50,000 sq m) as well as land plots (more than 90 hectares) in Moscow’s district of Serebryany Bor and in the Moscow Region. The total asset value is 40+ billion roubles. The company is a subsidiary of PAO AFK Sistema.
The company has a rating of ‘ruA-‘ from the Russian rating agency Expert RА.
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.