OREANDA-NEWS. November 6, 2012. Veles Capital Investment Company has acted as the arranger of the Metcombank for BO-05 commercial paper issue to 1.5 billion RUR.

The book was closed at the tight end of the guidance with coupon 1 set at 11.75%. The issue was 1.5 times oversubscribed with demand reaching RUB 2.3bn. The issue has a 3-year tenor and a 1-year put option.

Gazprombank, VTB Capital and Russian Agricultural Bank arranged the issue. Russian Standard Bank acted as co-arranger. Tatfondbank, M2M Private Bank, Primsotsbank, TKB Capital were underwriters on the issue. Russ-Invest, Eurocitibank, NK Bank, Promsvyazbank and BCS were co-underwriters on the deal.

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 enters TOP-5 largest bond market operators among Russian investment companies (41 bln EUR for 2011). According to MICEX-RTS, Veles Capital is a leader of the secondary market for corporate bonds in Russia in terms of 2011 deals. In addition, the company entered TOP-30 investment banks - organizers of bond issues (Cbonds, IH 2012).

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 ("B/B/ruA-", stable forecast). National Rating Agency also has assigned Veles Capital rating "AA+" (very high reliability, first level, positive forecast).