On 23 June 2019, primary placement of Setl Group bonds in the amount of 5 bn rubles was performed at Moscow Exchange.

The issue arrangers were REGION BC, VTB, Gazprombank, BCS Global Markets, Alfa-Bank. The bonds maturity will be 3.5 years, quarterly coupon payments are envisaged for the issue. The initial benchmark of coupon rate was no more than 11% per annum, but during pre-marketing the range was lowered twice, and the final coupon rate amounted to 10.75% per annum. Besides, during bookbuilding, the volume of the placement was increased from no less than RUB 3 bn to RUB 5 bn. Upon completion of bookbuilding, the total demand nearly doubled the original target and amounted to RUB 5.8 bn.
A RUB 5 bn Setl Group bond issue is currently circulated. The company has a ratings B+/Stable from S&P and A-(RU)/Stable from AKRA.

Setl Group is a company consolidating assets of Setl Group, one of the largest real estate developers in Russia (TOP-3 in terms of commissioning of premises in the Russian Federation in 2018). The group unites companies operating in construction and development (96% in the revenue structure) with a focus on comfort class residential buildings, primarily in the territory of St. Petersburg and the Leningrad region (14% of the total sales volume in the primary market of the region).