TCS primary capital raise closes with 'very full' book

tinkoff_oleg_alamy_230x150
By Sam Kerr
27 Jun 2019

TCS Group Holding, the Russian financial services company owned by founder Oleg Tinkoff, has completed a $300m primary capital raise by selling Global Depository Receipts (GDRs) on the London Stock Exchange, gathering a strong following from investors for the deal.

Morgan Stanley was the sole global co-ordinator on the deal. Renaissance Capital, Sberbank and UBS were bookrunners.

The trade was launched at 7:30am UK time on Thursday. It took just under an hour for the banks to say that the deal was covered in excess of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial