The issue arrangers were BCS Global Markets, SovComBank, Alfa-Bank and Otkritie Bank, the issue co-underwriter was Bank SOYUZ. The marketing range of rate for placement was 10.25-10.5% p.a., upon completion of bookbuilding, the demand amounted to RUB 5,490,847. The final coupon rate was set at 10.25% p.a. Quarterly coupon payments and an amortization system of redemption are envisaged for the issue: 5.6% of the par value of the bonds will be repaid on the end dates of coupon periods 1-8, 13.8% of the par value of the bonds will be repaid on the end dates of coupon periods 9-12. At the moment, 4 issues of Element Leasing bonds are circulating in the market. The company has a rating А-(RU) assigned by AKRA (stable outlook).
OOO Element Leasing is a universal leasing company specializing in leasing of commercial vehicles, buses, special-purpose machinery and equipment primarily to SMEs.
Element Leasing firmly holds a place among top 20 Russian leasing companies in terms of financial ratios. The company has a vast regional network with 100 offices in more than 70 Russian cities, more than 35 thousand clients (with a large share of return visits – 48% of the new business). The issuer ranked 10th by the number of signed contracts among the major leasing companies of Russia in 2018.