January 11, 2018 | Cbonds
The Cbonds news agency prepared annual league tables of Russian issuers at year-end 2017, which takes into account the results of borrowers' activity in various segments both in the domestic and foreign markets.
In total, 134 corporate issuers (in comparison with 150 in 2016) were listed in the league tables over the past 12 months. During the reporting period, more than 2.87 trillion rubles were raised (by 21.95% more than last year). On average, one issue is 11.4 billion rubles, and one issuer has, on average, 21.4 billion rubles of bonds (in 2016, these figures were 8.3 and 15.7 billion rubles, respectively). In total, in December 2017, according to Cbonds, the corporate bond market in Russia, reached 11.113 trillion rubles at current face value (nominal issue – 11.448 trillion rubles).
Rosneft again heads league tables of corporate issuers in the domestic market with a result of 1.05 trillion rubles (8 issues). For the last month of 2017, the company placed two issues for 600 billion rubles (the first coupon rate was set at 8.35% per annum). The second place in the league tables was taken by Vnesheconombank, which accounted for 7 issues for 158 billion rubles. In the third line, there is Mortgage Agent Fabrika MS, which placed 5 issues for a total of 109.097 billion rubles. Transneft (107 billion rubles) and O1 Group Finance (87 billion rubles), respectively occupy the fourth and fifth places.
Among the TOP-20 issuers in 2017, seven borrowers belong to the real sector, six to the banking sector, and seven issuers belong to other financial institutions.
The leader in the municipal segment became St. Petersburg, which placed 2 issues for record 30 billion rubles. The investment demand for bonds of 35001 series amounted to 79.8 billion rubles, as a result of which 81 deals with securities were made. The second line of league tables among municipal issuers was taken by the Krasnoyarsk Territory with two issues for a total of 17.8 billion rubles. The Moscow region, which has an issue of 12.5 billion rubles, closes the top three municipal borrowers.
Russian state Eurobonds ranked the first position in the best international borrowings: Russia placed 2 issues of Eurobonds for 6.9 billion dollars. Gazprom (4 deals for 3.2 billion dollars), MMC Norilsk Nickel (2 deals for 1.5 billion dollars), VEON Holdings (2 deals for 1.5 billion dollars) and Russian Railways (4 deals for 1.5 billion dollars) are also among the leaders. In total, over the past year, 30 issuers placed securities for 27,955 million dollars in the foreign market. Total, in comparison with 2016, the volume of external borrowings has grown almost 2 times.
The league tables’ archive for the current and previous years is available in the "Cbonds League Tables" section.
Company: Cbonds Group
|Full company name||Cbonds Ltd|
|Country of risk||Russia|
|Industry||Information and High Technologies|