On 20 October 2020, MOEX added OOO VIS FINANCE bonds worth 2.5 billion roubles to its list of fixed income securities, with BCS Global Markets, again, acting as the lead manager. The initial coupon rate of 9.00% per annum was fixed as part of bookbuilding, setting the yield to maturity at 9.31% per annum. There is a three-year call provision. The issue is eligible to be used as investment with pension savings and insurance reserves.
The bond issue by OOO VIS FINANCE became the first transaction when retail investors could take part in the initial placement through the BCS World of Investments app. Most of the bids from private customers (FG BCS customers) were received through the mobile app.
AO VIS Group 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). The backlog on contracts in late 2019 totaled 360 billion roubles.
The Company has a ‘A(RU)’ credit rating from Russia’s rating agency AKRA.
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.