OREANDA-NEWS. National Rating Agency has placed its ‘A-’ credit rating on Whale Finance Ltd’s series 01 bonds (Reg. No. 4-01-36435-R, ISIN: RU000A0JUHV4) on Watchlist with indefinite implications. The company was assigned NRA’s first-time ‘AA-’ credit rating on Mar. 31, 2014. The latest rating action (the credit rating downgrade to ‘A-/ Stable’) was on Mar. 01, 2016.

Registered in Moscow in 2009, Whale Finance Limited (Russian Cyrillic: ООО «Вейл Финанс») operates as a special purpose vehicle with a mission to raise funds on the debt market to finance projects of parent VESPER Group. Whale Finance’s RUR8 bn series 01 bonds were floated on the Moscow Exchange in March 2014. The coupon, payable every 182th day, was fixed at 8.75%. The bonds mature on Mar. 13, 2019.