OREANDA-NEWS. HMS Group (LSE: HMSG), the leading pump and compressor manufacturer as well as the provider of flow control solutions and related services to oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS, announces that it successfully placed Rub 3 bn corporate bonds issue of ZAO “Hydromashservice”, the main operational subsidiary of the Group.

Despite a market volatility, the issue was oversubscribed. According to book-building results, a coupon rate was set at 10.10% per annum (lower than a mid-level of a 10.00% - 10.25% price guidance).

The maturity of HMS’ bonds is 5 years with a 3-year put option and semi-annual coupon periods. Coupon rate of 10.10% is set for the first 6 coupon periods.

Lead-Arrangers of the transaction are VTB Capital and Sberbank CIB. The main demand for the issue was from Russian banks, asset management and investment companies and some subsidiaries of foreign financial institutions.

“I’m very pleased with the results. Though the issue was placed in a very short time on a volatile market, we managed to place the whole issue and received the rate as projected. And we are happy that investors believe in HMS and its future,” - commented Kirill Molchanov, First Deputy General director and CFO of HMS Group.