Bond financing

VIS Group among the first in Russia to place bonds within the framework of a non-concession PPP project in the amount of RUB 4 billion

The issuing of securities was carried out in 2 stages in order to refinance the funds raised for the implementation of a public-private partnership project in the Yamalo-Nenets Autonomous Okrug. In early October 2017, the first placement of exchange-traded BO-01 series bonds in the amount of 1.7 billion rubles was completed. On December 21, 2017, OOO VIS Development carried out the second placement of 01 series bonds secured by cash claims in the amount of RUB 2.3 billion. The RAEX (Expert RA) rating agency has assigned the debt instruments a high reliability rating at the ruAA level. Investors highly appreciated the reliability of the project – the placement of infrastructure bonds was completed in full. On April 4, 2018, the issuer decided to redeem the first bond issue early.

VIS Group issues Russia’s first social bonds in the amount of 5.57 billion rubles in 2020.

This is the first bond issue in Russia to be independently verified for compliance with the International Capital Markets Association (ICMA) Social Bond Principles (SBP). The securities are included in the sustainable development sector of the Moscow Exchange. This sector includes issuers with targeted investments attracted in the public market as part of the implementation of projects of high social importance. The Expert RA rating agency has assigned a high rating of structured financing to class A bonds at the ruA.sf (EXP) level, and class B bonds at the ruBBB + .sf (EXP) level. The bonds were issued within the framework of the VIS Group's public-private partnership project that entails the creation of a new network of educational and cultural institutions in Yakutsk and its suburbs.

VIS Group enters the public capital market for the first time by issuing exchange-traded bonds on the Moscow Exchange in October 2020.

This is the Group’s debut issue of exchange-traded bonds under the program, with a maximum volume of 30 billion rubles. Securities in the amount of 2.5 billion rubles were issued for 7 years with a put option in 3 years. The funds raised on the public capital market will be used to finance the holding’s ongoing concession projects. The issuer of the securities is OOO VIS FINANCE, the guarantor is the parent company of the VIS Group (AO) holding. The leading Russian rating agency ACRA has assigned an A (RU) rating to the issue.

In March 2021, VIS Group placed the second issue of exchange-traded bonds.

As part of the registered program, on March 26, 2021, the Group placed the second issue of exchange-traded bonds in the amount of RUB 2 billion. ACRA has assigned an A (RU) rating to the issue. The order book was preliminarily closed with high demand, totaling over RUB 3.1 billion. During bid collection, oversubscription equaled 60%, which led to a 10-bp reduction in the coupon rate. The final rate is up to 9.15%.

In April 2023, VIS Group placed the third issue of exchange-traded bonds.

On April 4, 2023, the Group placed the third issue of exchange-traded bonds in the amount of 1.5 billion rubles under the program registered on the Moscow Exchange. The rating agency "Expert RA" has determined the rating of the issue at a high level of ruA.

In June 2023, VIS Group placed its fourth issue of exchange-traded bonds
On June 30, 2023, the Group placed its fourth issue of exchange-traded bonds with a volume of 2 billion rubles. The application collection was initially set at 1.5 billion rubles, but due to high investor interest in the holding's bonds, the volume was increased. The rating of the issue has been confirmed at the ruA level.

In December 2023, VIS Group placed its fifth issue of exchange-traded bonds.

On December 14, VIS Group placed series BO-P05 bonds in the amount of 2 billion rubles. The Expert RA rating agency assigned the securities a credit rating of ruA+, which corresponds to the Group’s rating.