On 6 December 2022, Baltic Leasing LLC placed an additional bond issue worth 10 billion roubles on Moscow Exchange, with BCS Global Markets acting as the Arranger. The offering price was set at 100% of nominal value. The effective yield to maturity, along with the accrued coupon interest, totalled 11.2% per annum. High investor demand drove an increase in the marketing size from 5 to 10 billion roubles.
It is a tap issue to the bonds series BO-P06 (ISIN RU000A1058M3) placed in late September 2022 and worth three billion roubles, with a maturity of three years and a coupon rate of 10.90% per annum. The issue provides for amortization starting from the 4th coupon period.
Baltic Leasing LLC (‘ruA+’ by Expert RA) is one of Russia’s major leasing company, with a focus on equipment, motor vehicles, and specialized machinery. As of 9M2022, it holds sixth place among Russian leasing firms with a portfolio of new business worth more than 70 billion roubles and a network of 79 branches across the country.
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.