Segezha Group (MOEX: SGZH, a subsidiary of Sistema PJSFC) has been
included in the MSCI Russia Small Cap Index. The results of this
year's last semi-annual rebalancing were announced by the index
provider on 11 November.
According to the assessments
of strategists at BCS Global Markets published by Smart-lab, the
company's stocks will receive a passive inflow of funds at the level
of $4 million. The company's securities are increasing in value.
Only stocks from the Moscow Exchange quotation
lists of the first and second levels can be included in the MSCI
indices. The MSCI Russia Index helps sel ect the most attractive
Russian companies for investments. A large number of funds and
institutional and private investors around the globe use MSCI
indicators as a benchmark for building their portfolios.
The inclusion of Segezha
Group stocks in the index means that passive funds will buy this
security for their portfolios. The capital flow fr om funds comes
within a limited period of time and can be sensitive to the dynamics
a result of the rebalancing, 113 companies were included in the MSCI
global indices. All changes will take effect on 30 November after the
closing of trading.
Notes for editors:
As at 15 November, the demand for 15-year bonds of
Segezha Group (series 002P-01R) for the amount
of ₽10 billion, putable in 3 years, exceeded the offering by a
factor of 1.8 and totalled ₽18 billion. A wide range of investors,
such as banks, private pension funds, insurance and investment
companies and retail investors, showed interest in the issue. High
demand enabled the issuer to set the coupon rate at 9.85% per annum.
The rate corresponds to a yield to put of 10.09% per annum. Segezha
Group continues collecting applications from investors for the
purchase of 002P-02R series bonds.