On 22 June 2011, as a part of the 24th Annual Marine Money Week held in New York, SCF Group (Sovcomflot) was presented with Marine Money’s “2010 Deal of the Year Award” in the category “Public Debt Europe”. The award was received by Nikolay Kolesnikov, SCF Executive Vice-President & CFO, representing the company.
Marine Money is an international ship finance publication. The Magazine’s experts rated SCF’s debut Eurobond (USD) placement as outstanding. The bond was registered on the London Stock Exchange in October 2010. At that time, the demand for SCF’s Eurobond exceeded supply by four times, which allowed the issue to be increased from USD500 million to USD800 million and to secure the lowest coupon in market history for a Russian issuer.
Deutsche Bank, J.P. Morgan and VTB Capital participated in the Eurobond placement.
In their letter to Sovcomflot, the magazine’s management noted that it “ Presents the award with a feeling of deepest respect for the creative approach, implementation and contribution to the development of the shipping industry .”
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Source: Sovcomflot, June 29, 2011;