On 30 August 2021, Baltic Leasing LLC placed bonds worth 5 billion roubles on MOEX, with BCS Global Markets acting as the Arranger. Driven by high investor demand to Baltic Leasing Group’s bonds, the book closed at the final coupon rate of 8.40% per annum versus the initial coupon rate target of 8.75% per annum offered during the marketing process. This placement is marked by the lowest yield spread to the g-curve in the company’s history in the debt market. Demand for bonds valued at the final coupon rate saw an almost 2x oversubscription during book building, totaling 9.4 billion roubles. The issue is classified as an eligible investment option for pension savings and insurance reserves.
Baltic Leasing LLC ('ruA+’ by Expert RA) is a universal leasing company, specializing in leasing motor vehicles primarily to small and medium businesses (more than 90% of the portfolio). It is part of Top 11 Russian leasing companies by portfolio volume and holds 7th place by new business volume in 2020. According to the early 2021 data, the leasing portfolio exceeded 80 billion roubles.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.