On 23 March 2021, Element Leasing LLC placed bonds worth 4 billion roubles on MOEX, with the BCS Global Markets acting as the Arranger.
A long marketing campaign (including an online workshop at the 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 marketing process was no higher than 8.40% per annum (the yield to maturity no higher than 8.67% per annum). As part of bookbuilding, the coupon was set at 8.25% per annum, setting the yield to maturity at 8.51% per annum. The issuе has a maturity of three years, with amortisation starting from Year 2. The issue is assigned 'A- (RU) ' bond rating by Russia’s rating agency ACRA.
Element Leasing LLC (ACRA's rating of 'A-(RU)') offers leasing services in commercial and specialised vehicles, as well as equipment, primarily to SMEs. It is one of the biggest companies in terms of the number of customers and a leader in truck leasing.
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 firstname.lastname@example.org
We also strongly recommend that you report any such cases to the national police.