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.