Media Room
16 Feb 2022
BCS Global Markets Arranges Samolet Group PJSC Bond Issue Worth ₽20B

On February 15, 2022 GK Samolet Group PJSC issued a bond offering worth 20 billion roubles on MOEX, with BCS Global Markets acting as the Arranger.

The first coupon rate target during the marketing process ranged was below 12.95% per annum. During book building, the final coupon rate was set at 12.70% per annum, with the effective yield to put at 13.10% per annum. The issue has a 6-year maturity and a put option in 3 years. High demand drove an increase in the size of the issue from 12 to 20 billion roubles, with a 2x oversubscription at 24.5 billion roubles. The issue is classified as an eligible investment option for pension savings and insurance reserves, with a credit rating of ‘A-(RU)’ from the Russian credit agency ACRA.

Samolet Group PJSC (‘A-(RU)’ by ACRA, ‘ruA-’ by Expert RA) is one of the largest Russian developers with a nationwide footprint. The Group offers an online platform of real estate services, Samolet+, a property management company, commercial and rental real estate, development projects in all segments across Russia, single-family housing, resort real estate and others. The Group has offices in more than 100 cities in Russia and in the CIS.

The Group is on the list of systemically important companies for the Russian economy, and a Top-3 firm in terms of current construction volumes in Russia. In 2021, it ranked 2nd in the Moscow Region in terms of the volume of ongoing construction and sales.