First placement of Russian structured bonds
BCS, a privately-owned financial services provider and brokerage group, placed the first issue of Russian structured bonds — the very first Russian structured bonds placement under new legislation.
Autocallable structured bonds are an instrument with partial capital protection, the key asset of which is represented by shares and depositary receipts of major Russian issuers such as Gazprom, Lukoil, Norilsk Nickel, Sberbank, and Yandex.
LECAP participated in the structuring of the transaction, development and approval of all project documentation. Our team included Michael Malinovskiy, partner, Anna Gorelova, associate, and Kirill Postavnin, associate.
LCPIS acts as bondholders' representative for the issue.
We are delighted that our team was part of this landmark project.