Media Room
25 Mar 2021
Element Leasing Bonds Placement

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.