OREANDA-NEWS.  February 20, 2012. HMS Group (LSE: HMSG) today announces that the issue of ZAO “Hydromashservice”, main operational subsidiary the Group, corporate ruble bonds was successfully placed through RTS-MICEX for the total amount of RUB 3 billion. Despite the high volatility of markets, the issue of the HMS Group bonds was 1.9 times oversubscribed.

Investors placed about 30 orders totalling almost 5.9 billion rubles. According to the book-building results the coupon rate was set at 10.75% per annum (at the mid-level of price-guidance of 10.50-11.00%). This has become the first successful 3-year placement among the borrowers with BB- rating by Standard and Poor’s since August 2011.

The maturity of the HMS Group bonds is 3 years with a semi-annual coupon. Coupon rate of 10.75% is set till final maturity.

Lead-Arrangers of the transaction are VTB Capital, Renaissance Capital and Troika Dialog. The main demand for the issue was from Russian banks, asset management and investment companies and some subsidiaries of foreign financial institutions.