OREANDA-NEWS. April 03, 2012. Veles Capital Investment Company has acted as the co-arranger of the Bank Petrocommerce bonds for three-year BО-1 commercial paper issue to 3 billion RUR. The issue was oversubscribed by over four times.

The first coupon rate was set at 8.90% p.a. The issue terms provide for the second and third coupon rates to equal that of the first coupon. The effective yield to a 1.5-year put option was 9.10% p.a. The public distribution of the BО-1 commercial paper will take place at the MICEX on 6 March 2012. The Bank’s RUR 3 bln three-year BО-1 commercial paper has a 1.5 year put option embedded in the issue terms. The commercial paper has six 182-days coupons.

Bank Petrocommerce acts as the technical underwriter and the arranger for the issue. Co-arrangers: Asian Pacific Bank, Bank of Settlements and Savings, Russian Standard Bank, BC REGION, Vnesheconombank, Globexbank, NOVIKOMBANK, Promsvyazbank, RONIN, ROSEVROBANK, Rossiysky Capital.

Underwriters: Russian Regional Development Bank, Vostochny Commercial Bank, BKS Company, ROSBANK, Spectr Invest, Expobank.

Co-underwriters: Tatfondbank, BINBANK, Garanti Bank Moscow, MORSKOY BANK, Bank OTKRYTIE, Pervobank, RUBLEV Commercial Bank, SOGAZ, FDB Commercial Bank.

Veles Capital Investment Company has been operating on Russian financial market since 1995 and today it is one of the leaders among Russian investment companies which render services on debt market. The company is ranked first at the promissory notes market of Russia among investment companies by turnover (33 bln EUR for 2011), enters TOP-5 largest bond market operators among Russian investment companies (41 bln EUR for 2011). According to Cbonds.ru, the company is number 1 between promissory notes issues of non-financial sector organizers of the year 2011 in Russia.

Veles Capital organizes debt financing for corporate clients, forms the investment portfolios of the debt instruments, performs brokerage and depository services and carries out analytical support.

Veles Capital is one of the few Russian investment companies with the reliability rating of the international rating agency Standard & Poor’s, which has been raised in December, 2011 to the “B/B/ruA-” with stable forecast. National Rating Agency (NRA) also has assigned Veles Capital rating “AA+” (very high reliability, first level, positive forecast).