VTB Capital acted as joint lead manager of the debut 5-year Eurobonds issue for Global Ports, the largest container terminal operator in Russia.
The volume of the transaction was USD350 mn. The offering was several times oversubscribed, and the final coupon rate was 6.872%, corresponding to a yield of 6.875%.
The deal has attracted a lot of interest from international investors. In particular, more than 2/3 of the issue was acquired by investors from the US, Continental Europe, the UK and Asia.
, Global Head of DCM at VTB Capital, said: “Today’s transaction marks a historic deal, with the first USD Eurobond out of Russia in 2016. This deal clearly demonstrates increasing investor confidence in the Russian market, as well as emphasising VTB Capital’s expertise in arranging such highly successful deals.”
In 2015, VTB Capital came first in both the Dealogic and Thomson Reuters league tables in the DCM, ECM and M&A rankings across Russia and the CIS. In 2015, VTB Capital was named Best Investment Bank in Russia by the Euromoney Awards for Excellence and International Finance Magazine (UK).
Head of Press