Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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“Social” bonds appeared in Yakutia thanks to the “Discovery”

“Social” bonds appeared in Yakutia thanks to the “Discovery”
Photo: pixabay.com

“Social” bonds appeared in Yakutia thanks to Otkritie Bank, which organized the placement of their first issue in Russia.

Debt securities are placed for the securitization of rights on credit and loans provided as part of the project to create educational and cultural facilities in Yakutia. The organizers of the placement of the bond issue were also BCS Global Markets, Bank DOM.RF and Sovcombank.

According to the press service of the credit organization, the total volume of bonds is 5,6 billion rubles with a maturity of 2027. The project is being implemented on a public-private partnership. The source of bond servicing is subsidies from the republic and the city of Yakutsk. The private partner is LLC Gazenergomontazh.

The securities were independently verified by the Expert RA rating agency for compliance with the principles of social bonds of the International Capital Markets Association.

Demand for class A bonds with ruA.sf rating was two times higher than the supply volume, with a total yield of 7,9% per annum. Bonds of class “B” with a rating of “ruBBB +” were placed with a yield of 11,66% per annum. The junior tranche - M-class bonds was fully redeemed.

According to Evgeny Ananyev, Vice President, Head of Investment Banking Products and Solutions at Otkritie Bank, this deal showed the successful placement of infrastructure bonds issued to finance social PPP projects. He expressed hope that in the future such transactions will contribute to the effective attraction of financing on the public market in “social” and “green” projects.

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