Rouble bonds

Bond issuance is an effective financing solution for borrowers seeking an alternative to traditional bank lending.

Advantages of the instrument:

  • distribution among a large number of investors results in increased financing volume and lower interest rates as compared to a classic bank loan
  • no collateral is required
  • issue of bonds helps to build or improve the issuer’s credit profile among investors.

The services of Nordea Bank are based on international business standards and deep knowledge of Russian debt capital markets. We offer tailored solutions to our customers, resulting in successful placement and secondary market performance of bond issues.

As an arranger of rouble bond issues we provide our customers with a full range of services, including but not limited to:

  • transaction structuring
  • advising a borrower on bonds issuance
  • drafting and finalising transaction documents (prospectus, info memo etc)
  • liaison with regulator (FFMS or CBR), stock exchange and custody
  • syndication
  • underwriting 
  • transaction marketing, including organisation of investor roadshows
  • services of a paying agent.

Rouble Commercial Paper

Rouble Commercial Paper (RCP) - a new tool in the Russian debt capital markets – is a type of short-term bonds issued by Russian companies via an exchange according to liberalised issuance procedures. RCPs are traded only in an exchange market and offered to a wide investor base.

Advantages of the instrument:

  • RCPs are an effective liquidity management tool
  • issue documentation process is less costly and time consuming 
  • maximum issue par value is unlimited (no restrictions by capital size, third-party guarantees, collateral)
  • trading in RCPs can start on the day after placement
  • RCPs can be included in the Lombard List of the Bank of Russia.

Nordea Bank will be pleased to act as an arranger of RCP issues for Russian corporate borrowers via the Moscow Interbank Currency Exchange (MICEX).


Contact:

Ilya Kaufman, Head of Capital Markets
Tel.: +7 (495) 777 34 77 ext. 1300

 
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