SCF provides case-study on its successful debut Eurobond issue at Euromoney conference

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Sep 2011

On 27-28 September in Moscow at ”The Russia & CIS Corporate Bond Conference”, SCF Group (Sovcomflot) presented a case-study on its dollar-denominated Eurobond debut issue,

which debuted on the London Stock Exchange in October 2010.
At that time, demand for SCF’s Eurobond exceeded supply by four times, which enabled the issue to be increased from USD 500 million to USD 800 million and allowed the company to secure the lowest coupon in market history for a Russian issuer - 5.375% per annum.
Among the participants at the conference were investors and consultants from leading institutions, such as Goldman Sachs, Bank of Russia, Akin Gump Strauss Hauer & Feld LLP, VTB Capital and others. SCF’s presentation on the successful debut of its Eurobond placement received positive feedback from a range of international financial experts.
In June 2011 SCF Group received the prestigious award for "Deal of the Year 2010" in the category "Public debt placement in Europe", for its successful public offer of Eurobonds. The award was presented in New York City at the 24th Annual Marine Money Week, hosted by the international financial magazine Marine Money.
Deutsche Bank, JP Morgan and VTB Capital participated in the Eurobond placement.
SCF Group of companies (SCF): one of the world's leading shipping companies, specialising in crude oil, petroleum products and liquefied gas transportation. The fleet includes 156 vessels with a total deadweight of 12 million tonnes. The company is registered in St. Petersburg with offices in Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid and Singapore.
The Group offers a powerful grouping of vessels and a wide range of related services, in the market segments most demanded by major Russian oil and gas companies. With its own technical development and unique approach to advanced technologies, Sovcomflot has the ability to meet the most demanding customer requirements, providing effective transportation for oil and gas companies.
Source: SCF Group (Sovcomflot)