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VTB Capital participates in USD 125 million High-Yield Bond for Chinese Redco Properties Group Limited


VTB Capital has been mandated as a joint lead manager and joint bookrunner for the placement of a USD 125 million high-yield bond issue for Redco Properties Group Limited. The bond will be listed on the Hong Kong Stock Exchange and priced with a coupon of 13.75% and a five-year maturity.

VTB Capital has been mandated alongside a syndicate of other leading investment banks including HSBC, Morgan Stanley, ICBC International and others.

This deal marks VTB Capital’s third bond placement for Chinese issuers since May 2014. VTB Capital was mandated as a joint lead manager and joint bookrunner on the placement of the USD 300 million Reg-S high-yield bond issue for Logan Property and was mandated as a joint bookrunner and joint lead manager on the placement of CNH 1 billion offshore renminbi bonds in the Reg-S format for Beijing Capital Company Limited, which was listed on the Hong Kong Stock Exchange.

Damian Chunilal, CEO Asia for VTB Capital, said: “With a strong team in Asia, VTB Capital continues to actively develop its business in China. This transaction is further confirmation of VTB Capital’s achievements and expertise in the region’s markets.”

Andrey Solovyev, Global Head of DCM at VTB Capital, commented: “Redco Properties Group Limited’s high-yield bond placement is an important step for VTB Capital’s international business strategy. We have developed a strong expertise in the Asian market, and we look forward to long-term cooperation with local companies and the debt capital markets”.

Redco Properties Group Limited is an integrated residential and commercial property developer primarily focusing on residential property development in China.

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 470 ECM and DCM deals, which were instrumental in attracting more than USD 194bn 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.