TCS primary capital raise closes with 'very full' book

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.