Media Room
30 Aug 2021
BCS Global Markets Arranges Baltic Leasing Bond Issue

On 30 August 2021, Baltic Leasing LLC placed bonds worth 5 billion roubles on MOEX, with BCS Global Markets acting as the Arranger. Driven by high investor demand to Baltic Leasing Group’s bonds, the book closed at the final coupon rate of 8.40% per annum versus the initial coupon rate target of 8.75% per annum offered during the marketing process. This placement is marked by the lowest yield spread to the g-curve in the company’s history in the debt market. Demand for bonds valued at the final coupon rate saw an almost 2x oversubscription during book building, totaling 9.4 billion roubles. The issue is classified as an eligible investment option for pension savings and insurance reserves.

Baltic Leasing LLC ('ruA+’ by Expert RA) is a universal leasing company, specializing in leasing motor vehicles primarily to small and medium businesses (more than 90% of the portfolio). It is part of Top 11 Russian leasing companies by portfolio volume and holds 7th place by new business volume in 2020. According to the early 2021 data, the leasing portfolio exceeded 80 billion roubles.