Veles Capital IC Was Co-Runner of Rosselkhozbank Exchange Bonds
OREANDA-NEWS. February 15, 2012. Veles Capital IC was a co-runner of the Rosselkhozbank exchange bonds issues of BO-02 and BO-03 series for 10 billion RUB (253 mln EUR).
The order book for exchange bonds series BО-02 for the total amount of 5 billion RUB was opened on February 1, 2012, offering coupon rate range of 8.25%-8.50% p.a. As a result of the considerable investors’ demand, the bank raised the volume of placement to 10 billion RUB by issuing exchange bonds series BО-03 under the same terms. In the course of the marketing campaign, initial annual coupon rate range was narrowed to 8.20% — 8.35%. The final interest rate of exchange bonds was set by the Issuer at 8.20% p.a.
Maturity of the exchange bonds is 3 years, with a put option in 1.5 year.
VTB Capital acted as a book-runner. Co-runners were also BCS IC, Globexbank, Ron Invest, Ursa-Finance IC, UniCredit Bank.
Veles Capital Investment Company has been operating on Russian financial market since 1995 and today is one of the leaders among Russian investment companies which render services on debt market. The company is ranked first at the promissory-notes market of
Veles Capital renders services on the organization of debt financing for corporate clients, forms the investment portfolios of the debt financial instruments, performs brokerage and depository services, and also carries out analytical support.
Veles Capital is one of the few Russian investment companies with the reliability rating of the international rating agency Standard & Poor’s, which has been raised in December, 2011 to the “B/B/ruA-” with stable forecast. National Rating Agency (NRA) also has assigned Veles Capital rating “AA+” (very high reliability, first level, positive forecast).
Rosselkhozbank is one of the largest banks in