REG-TCS Group Holding PLC TCS Group Holding PLC: Tinkoff Bank successfully places RUB 5 bn bond with a coupon of 9.65% <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

21/04/2017 16:01

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   TCS Group Holding PLC / Miscellaneous - Medium Priority
   TCS Group Holding PLC: Tinkoff Bank successfully places RUB 5 bn bond with
   a coupon of 9.65%

   21-Apr-2017 / 17:00 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS,
   LLC - a company of EQS Group AG.
   The issuer is solely responsible for the content of this announcement.

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   Tinkoff Bank successfully places RUB 5 bn bond with a coupon of 9.65%

   Moscow, Russia - 21 April 2017. TCS Group Holding PLC (TCS LI) (the
   'Group'), Russia's leading provider of online retail financial services,
   including Tinkoff Bank and Tinkoff Insurance, today announces the
   successful placement of  Tinkoff Bank's 001Р-01R series exchange bonds for
   a total nominal value of RUB 5 bn at a final coupon rate of 9.65% per
   annum.

   The bonds have a maturity period of five years with a two-year put option
   from placement. The offering is part of Tinkoff Bank's 001Р series
   exchange bond programme from 24 March 2017, totalling RUB 100 bn.

   Tinkoff Bank plans to use the proceeds of the bond issue for the
   development of new business lines.

   The initial guidance for the annual coupon rate was set within 9.75-10%.
   Following strong investor demand resulted in the offering being well
   oversubscribed, the first four coupon rates were fixed at (9.65%), lower
   than the initial guidance.

   Sergey Pirogov, Vice President for Corporate Finance at Tinkoff Bank,
   said: 'We are happy with the offering outcome. We came up with a good
   order book and achieved significant decrease in the offer price compared
   to the initial guidance. Russia's bond market becomes an attractive source
   of the rouble liquidity again.'

   The offering was arranged by Sberbank CIB and Sovcombank.

   The bonds will be placed at the Moscow Exchange on 28 April 2017.

   For enquiries:
   Tinkoff Bank                  Tinkoff Bank
   Darya Ermolina                Larisa Chernysheva
   Head of PR                    IR Department
   + 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312)
    1 d.ermolina@tinkoff.ru       2 ir@tinkoff.ru
                                  

    

   About the Group

   TCS Group Holding PLC is an innovative provider of online retail financial
   services operating in Russia through a high-tech branchless platform. The
   Group has also developed a 'smart courier' network covering almost all
   cities and towns in Russia which allows next day delivery to many
   customers.

   Tinkoff Bank's product range includes daily banking (credit and debit
   cards, payments, money transfers), savings, investments, loyalty
   programmes, travel services, SME services, mortgage platform, and
   insurance. With its special focus on mobile business, the bank offers
   mobile applications both for its customer base (Mobile Bank) and beyond it
   (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).

   Tinkoff is transitioning to become an online financial marketplace,
   Tinkoff.ru, which offers an entire range of both own brand and partner
   retail financial services via mobile and desktop.

   As at 1 March 2017, the bank was the second largest player in the Russian
   credit card market, with a market share of 10.6%. The FY2016 IFRS net
   income of the parent company, TCS Group Holding PLC, which includes
   Tinkoff Bank and the insurance company Tinkoff Insurance, amounted to RUB
   11 bn, ROE stood at 43%.

   Banki.ru, Russia's largest financial news portal, named Tinkoff Bank the
   Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest
   independent global direct bank by Frost & Sullivan. In 2015 and 2016, the
   Global Finance magazine named Tinkoff Bank as the Best Consumer Digital
   Bank in Russia. In 2016, the bank also won Global Finance's Best
   Integrated Consumer Bank Site award and was named the Best Digital Bank in
   the CEE by Euromoney. The bank's mobile application was recognised as the
   best in Russia by Markswebb Rank & Report for three consecutive years in
   2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013
   to 2016.

   Forward-looking statements

   Some of the information in this announcement may contain projections or
   other forward-looking statements regarding future events or the future
   financial performance of the Group and Tinkoff Bank. You can identify
   forward looking statements by terms such as 'expect', 'believe',
   'anticipate', 'estimate', 'intend', 'will', 'could,' 'may' or 'might', the
   negative of such terms or other similar expressions. The Group and Tinkoff
   Bank wish to caution you that these statements are only predictions and
   that actual events or results may differ materially. The Group and Tinkoff
   Bank do not intend to update these statements to reflect events and
   circumstances occurring after the date hereof or to reflect the occurrence
   of unanticipated events. Many factors could cause the actual results to
   differ materially from those contained in projections or forward-looking
   statements of the Group and Tinkoff Bank, including, among others, general
   economic conditions, the competitive environment, risks associated with
   operating in Russia, rapid technological and market change in the
   industries the Group operates in, as well as many other risks specifically
   related to the Group, Tinkoff Bank and their respective operations.

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   The EquityStory.RS, LLC Distribution Services include Regulatory
   Announcements, Financial/Corporate News and Press Releases.
   Archive at www.dgap.de/ukreg

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   Language:      English
   Company:       TCS Group Holding PLC
                  2nd Floor, Sotiri Tofini 4, Agios Athanasios
                  4102 Limassol
                  Cyprus
   Phone:         +7 495 648-10-00
   Fax:           +7 495 645-59-09
   E-mail:        media@tinkoff.ru
   Internet:      https://www.tinkoff.ru
   ISIN:          US87238U2033
   Listed:        Foreign Exchange(s) London, Moscow
   Category Code: MSCM
   TIDM:          TCS
   LEI Code:      549300XQRN9MR54V1W18
   Sequence No.:  4084


    
   End of Announcement EquityStory.RS, LLC News Service


   566385  21-Apr-2017 

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References

   Visible links
   1. mailto:media@tinkoff.ru
   2. mailto:ir@tinkoff.ru


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