On 28 September 2021, Expobank JSC placed bonds worth 5 billion roubles on MOEX.
During book building, the final coupon rate was set at 9.00% per annum (yield to maturity at 9.31% per annum). With a maturity of 3 years, the issue is classified as an eligible investment option for pension savings and insurance reserves. It has a ‘ruA-’ rating by Russian agency Expert RA.
Expobank JSC (‘BB-’ by Fitch, ‘ruA-’ by Expert RA) is a Russian private bank with a focus on corporate clients, SMEs, and auto loans. Forbes put it on its 2020 list of Top 100 Most Reliable Banks in Russia.
On 28 September 2021, the order book closed for a bond issue by Aerofuels JSC.
The final coupon rate was set at 9.90% per annum and the effective yield to maturity at 10.27% per annum, with a 3-year maturity. During book building, market demand totalled 500 million roubles. The placement is scheduled for 30 September 2021. The issue is classified as an eligible investment option for pension savings and insurance reserves. It has a ‘ru ВВВ +’ rating by Russian agency Expert RA.
Aerofuels Group (TZK Aerofuels has a ‘ru ВВВ +’ rating by Russian agency Expert RA) is a major operator of airport fuelling facilities in Russia, with a network of 28 stations. It services 30 Russian airports from Pskov to Petropavlovsk-Kamchatsky. Aerofuels Group also has a presence in 150 countries across all continents.