OREANDA-NEWS. Trading in TransFin-M (LLC) series 02 bonds commenced at MICEX, TransCreditBank acting as the arranger of the issue.

As it was earlier announced, the issue size was RUR1.5 bn.  The maturity of the bond is 5 years, par value is RUR1,000/bond.  The bond carries 10 semiannual coupons.
 
Proceeds of the deal will be applied towards increasing the Company’s working capital with a view to implement programs stipulated by its Development Concept, which was approved by the Board of Director

Alexei Moiseev, CEO of TransFin-M (LLC) says: “Success of the debt issue is underpinned by the fact that both ourselves and TransCreditBank, the arranger of the deal, possess detailed knowledge of operations of the railroad which is the core of our customer base.  Status and professionalism of the arranging bank, which has successfully implemented numerous projects for transport companies, had the most positive effect on the issue and trading of the bond”.

Roman Zhurkov, Head of IBD of TransCreditBank (JSC) said: “Investors’ appetite for TransFin-M securities is evidence of a high opinion that the market players have of the Company’s strategy and business prospects and these, in their turn, are determined by the existing professional team of managers and experts with whom we worked together on this deal”.