17.03.2023
The Moscow Exchange registered the issue of VIS Group’s bonds of the BO-P03 series in the amount of up to 3 billion rubles. The issue has been assigned registration number 4B02-03-00554-R-001P and is included in the second level of the quotation list. The collection of applications is scheduled for the end of March.
The securities meet the requirements for investing pension savings and insurance reserves and for inclusion in the Lombard List of the Bank of Russia. VIS FINANCE LLC will traditionally be the issuer, VIS Group (AO) – the guarantor. The yield target is a premium of no more than 475 bp. to OFZ for a period of 3 years. The nominal value of each security is 1,000 rubles, the coupon period is 91 days. The placement method is open subscription. The release includes a covenant package.
Currently, there are two issues of VIS Group’s exchange-traded bonds in circulation for 4.5 billion rubles, placed in 2020 and 2021. Since 2017, the holding has been working with the securities market, becoming the first in Russia to issue bonds under a non-concession PPP project. In 2020, Russia's first social bonds were also issued as part of the social infrastructure project in Yakutia.
The group plans to raise up to 3 billion rubles in investments, including in public-private partnership (PPP) projects. Today, the holding is one of the leaders in the Russian PPP market, with a contract portfolio formed up to 2047. The main advantage of PPP projects is the guarantee of the return of investor funds from the state, enshrined in federal law.
PPP is the most common way in international practice to create key infrastructure facilities: bridges, roads, medical, educational and cultural centers. Over the past decade, the PPP mechanism has also become a real tool for infrastructure renewal in Russia. According to the National PPP Center, over 3,700 PPP projects are being implemented today, totaling 5.4 trillion rubles in investments. The PPP format helps mitigate the risks of unfinished construction, guarantees the quality of the created infrastructure and reduces the burden on the budgets of the subjects of the Russian Federation.
Moscow Exchange registered the third issue of VIS Group’s bonds
The securities meet the requirements for investing pension savings and insurance reserves and for inclusion in the Lombard List of the Bank of Russia. VIS FINANCE LLC will traditionally be the issuer, VIS Group (AO) – the guarantor. The yield target is a premium of no more than 475 bp. to OFZ for a period of 3 years. The nominal value of each security is 1,000 rubles, the coupon period is 91 days. The placement method is open subscription. The release includes a covenant package.
Currently, there are two issues of VIS Group’s exchange-traded bonds in circulation for 4.5 billion rubles, placed in 2020 and 2021. Since 2017, the holding has been working with the securities market, becoming the first in Russia to issue bonds under a non-concession PPP project. In 2020, Russia's first social bonds were also issued as part of the social infrastructure project in Yakutia.
The group plans to raise up to 3 billion rubles in investments, including in public-private partnership (PPP) projects. Today, the holding is one of the leaders in the Russian PPP market, with a contract portfolio formed up to 2047. The main advantage of PPP projects is the guarantee of the return of investor funds from the state, enshrined in federal law.
PPP is the most common way in international practice to create key infrastructure facilities: bridges, roads, medical, educational and cultural centers. Over the past decade, the PPP mechanism has also become a real tool for infrastructure renewal in Russia. According to the National PPP Center, over 3,700 PPP projects are being implemented today, totaling 5.4 trillion rubles in investments. The PPP format helps mitigate the risks of unfinished construction, guarantees the quality of the created infrastructure and reduces the burden on the budgets of the subjects of the Russian Federation.