FBK Grant Thornton Finalises Accounting and Tax Support of GTLK Eurobond Issue

FBK Grant Thornton has finalised accounting and tax support of the fourth issue of GTLK Eurobonds, which became the longest ever issue and had the record-low coupon rate. The company placed a USD 600 million Eurobond issue on the Vienna MTF stock exchange. Despite high volatility of international capital markets, international investors met the issue with great interest. FBK Grant Thornton successfully supported the previous three bond issues by preparing tax-related portions of the prospectus and verifying parameters of the financial statements. J.P. Morgan, Renaissance Capital, Citi, Société Générale, Eurasian Development Bank, Gazprombank, VTB Capital and Sovcombank acted as joint lead managers of the Eurobond issue.

State Transport Leasing Company (GTLK) is the largest leasing company in Russia. It is an instrument of state management policy and sustainable development of the transport industry in Russia. It is one of the systemically important organisations of the Russian economy.