Baltic Leasing LLC: presentation of the issuer – the results of 2023 and the planned issue of bonds in April 2024

601
2
"Baltic leasing 08 April 2024 19:30 Baltic Leasing LLC, together with the Moscow Stock Exchange, held an open webinar on the results of 2023 and the new issue of the company's bonds, which is scheduled for April 2024. The event was attended by Mikhail Zharnitsky, CEO of the company, and Dmitry Kazakovtsev, Deputy General Director for Work with Banks and Investors.

During the presentation of the issuer, representatives of Baltic Leasing emphasized the high investment attractiveness of the company. Experts noted the 1.5-fold growth of the portfolio, its significant diversification across various sectors of the economy, the low concentration of risk per client and the high liquidity of the property prevailing in the portfolio.

Dmitry Kazakovtsev drew attention to the fact that the reimbursement of investment costs is faster than the decrease in the market value of leasing property. The company shows stable growth in net profit with a traditionally minimal risk price, even during periods of crises and economic downturns.

CEO Mikhail Zharnitsky recalled that despite major changes in the company's structure at the beginning of the year, Baltic Leasing was able to get out of the "under supervision" status in a short period and receive confirmation of ratings with a stable outlook**. Moreover, the company consistently occupies a place in the TOP 7 ranking of Russian leasing companies, according to the analytical agency Expert RA.

The planned date for collecting applications for the new issue of BO-P10 is April 18. The issue has a 30-day coupon period with a floating rate. A public irrevocable offer from JSC Baltic Leasing will be provided for the loan. Technical placement is scheduled for April 23.

The issue has been assigned the registration number 4B02-10-36442- R-001P, it is included in the second level of the quotation list of the Moscow Stock Exchange. 

Currently, 7 issues of the company's exchange-traded bonds worth 33.7 billion rubles are in circulation. 

 Reference:

*The portfolio is presented in NIL format, according to IFRS.

**According to the rating agency "Expert RA".

Please note that this press release is based on materials provided by the company. AK&M Information Agency shall not be held liable for its contents, nor for the legal and other consequences of its publication.