On 15 October 2020, MOEX added SFO MOS MSP 6 bonds worth 6.2 billion roubles to its list of fixed income securities, with BCS Global Markets, again, acting as the lead manager. The initial, pre-marketing coupon rate of 5.78-5.88% per annum was decreased as part of bookbuilding to 5.83% per annum, setting the yield to maturity at 5.99% per annum. Amortization will begin from Year 2, with maturity set at 12.5 years while duration is estimated at 1.8 years. Securitization of loans to SMEs has been conducted with a surety from АО MSP Corporation. The issue is eligible to be used as investment with pension savings and insurance reserves.
АО MSP Corporation was set up by a presidential decree No. 287 ‘On Measures to Further Develop SMEs’ dated 05.06.2015. The Corporation acts as a development institution that coordinates assistance to SMEs.
The Corporation has a credit rating of AAA(RU) by Russia’s rating agency АКRА.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.