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08 февраля 2018 21:51
Moscow Domodedovo Airport Announced Successful Issue of Eurobonds
8 February 2018, Domodedovo, Moscow Region. Moscow Domodedovo Airport has announced the completion of the transaction to release 300 million US dollars worth of eurobonds, with the coupon interest rate of 5.075%. The maturity of the bond is 5 years from the date of placement, the payout of the coupon is made two times a year.
The raised funds will be allocated towards refinancing of issue eurobonds issued by DME Group in 2013 with coupon interest rate of 6%.
During the placement the demand from investors for new release has exceeded the supply: during the peak period the bookbuilding has been oversubscribed more than three times.
The issuer of release was DME Airport Designated Activity Company. The guarantors were a number of operational companies of the Moscow Domodedovo Airport. The organizers of placement: Credit Suisse Securities (Europe) Limited, Raiffeisen Bank International A.G., Societe Generale, UBS Limited.
The institutional basis of investors had included the largest banks and investment funds.
“Participants of the international capital markets highly appreciate credit quality and the potential of business of the DME Group as object of investments. It confirms the successful result of completion of the transaction on placement of our security papers”, – was noted by Elena Leonova, Chief Financial Officer of Moscow Domodedovo Airport.
“Regardless of difficult market conditions, Domodedovo was successful in attracting 300 million US dollars for refinancing the existing bonds, while at the same time significantly reducing the cost of loans in comparison to previous placements. The company continues to expand the base of investors due to high-quality demand from large western funds, institutional investors from London and Continental Europe, continuing to attract substantial demand from traditional Russian and Swiss investors”, – said Ranko Milic, the Head of the Department of Debt Markets CEEMEA, UBS Limited.
“Despite volatility of the markets, the company managed to successfully choose the right time for placement at a historically low level for itself, confirming once again the increase in demand and interest from investors for high-quality borrowers”, – emphasized Yury Kiselev, Director, Head of Debt Capital Markets in Russia and the CIS, Societe Generale.
“Almost a billion bid book from more than a hundred investors from all over the world has been resigned three times, that became one more record. Raiffeisen Bank International, which has acted as one of the bookrunners of the release, is proud to be a part of this success”, – said Alexander Bulgakov, Executive Director of Debt Capital Markets of Raiffeisen Bank.
Eurobonds are placed in accordance to Regulation S under the Securities Act of 1933 and are admitted to trading on the Irish Stock Exchange.
IR Department:
Tel.: +7 (495) 795 38 71
Vladimir Popov
e-mail: wladimirpopov@dme.ru
Ekaterina Ilinykh
e-mail: eilinykh@dme.ru
PR Department:
Tel.: +7 (495) 795 34 27
Aleksander Vlasov
e-mail: aleksandrvlasov1@dme.ru
Aleksandra Moiseenko
e-mail: aleksandramoiseenko@dme.ru
Moscow Domodedovo Airport is one of the largest international airports in Russia and is recognized as the best airport by "Wings of Russia" Awards. In 2017, the airport served 30.7 million passengers. The route network includes 66 unique directions. Domodedovo is chosen for flights to Moscow by members of the leading global airline alliances – Star Alliance and oneworld. Domodedovo is the only Russian airport regularly serving Airbus A380 and Airbus A350-900.
