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VTB Capital leads successful CNH 1.5 billion Renminbi bond placement for leading Chinese real estate company


VTB Capital acted as joint lead manager and bookrunner on the successful placement of CNH 1.5 billion high-yield bond issue in the Reg-S format for Powerlong Real Estate Holdings Limited. Powerlong is a leading real estate company in China specializing in the development and operation of high-quality, large-scale, integrated commercial, retail and residential complexes. The bonds, which have a three year maturity, will be listed on the Singapore Stock Exchange and priced with a coupon of 10.75%.

VTB Capital participated in the transaction alongside a syndicate of global investment banks, including Bank of America Merrill Lynch, Credit Suisse, HSBC and UBS, as well as recognized regional players such as Goutai Junan and Haitong International.

Riccardo Orcel, Deputy CEO of VTB Group, Head of Global Banking at VTB Capital, said: “We are highly committed to further developing our presence in the Asian market. This placement is sound evidence of our progress in China and once again showcases VTB Capital’s expertise in the local debt capital markets. More and more clients are finding that having an Emerging Markets dedicated bank such as VTB Capital on their deal can bring value-added capabilities and commitment to a transaction. This can make a genuine difference to the success of their bond issue.”

The placement marks VTB Capital’s fourth DCM transaction for Asian issuers in 2014. VTB Capital became the only Russian investment bank that acted as a joint lead manager and joint bookrunner in the placement of a USD 300 million Reg-S high-yield bond issue for Logan Property Holdings and the placement of CNH 1 billion offshore Renminbi bonds in the Reg-S format for Beijing Capital Company Limited. VTB Capital also led the placement of a USD 125 million high-yield bond issue for Redco Properties Group Limited.

VTB Capital, the Investment Business of VTB Group, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has taken part in more than 490 ECM and DCM deals, which were instrumental in attracting more than USD 200bn worth of investments to Russia and CIS.

VTB Capital offers a full range of investment banking products and services to Russian and international clients, focusing on arranging operations in the debt, equity, global commodities markets, developing investment and asset management, advising clients on M&A and ECM deals in Russia and abroad. VTB Capital operates in London, Singapore, Dubai, Hong Kong, Sofia, New York, Paris and Vienna, with headquarters in Moscow.

VTB Capital holds top positions in debt and equity capital markets, as well as M&A, in Russia, CIS and CEE according to the 2011-2013 league tables by Dealogic, Bloomberg and Thomson Reuters.

VTB Capital’s research team was ranked #1 in the Institutional Investor All-Russia Investor Survey in 2014 and Thomson Reuters’ Extel Survey in 2011 and 2012. VTB Capital has been named Best Equities Sales and Trading firm in Russia by the annual Thomson Reuters Extel Survey and Institutional Investor All-Russia Survey since 2011.

This press-release does not constitute an offer to the public or an advertisement of securities in the Russian Federation, is not an offer or an invitation to make offers, to purchase securities in the Russian Federation and must not be passed on to third parties or otherwise made publicly available in the Russian Federation.

Press Office

Vadim Bely86. 

Julia Govorun74.