Trassa filling stations owner EuroTrans planning IPO in 2023

MOSCOW. Dec 13 (Interfax) - JSC EuroTrans, which owns the Trassa network of filling stations in Moscow and the Moscow region, is planning an IPO next year, company shareholder Sergei Alexeyenkov said at a bond presentation.

Alexeyenkov said the company was planning to develop dynamically in the coming years, and that would require a lot of funding. "And, in the framework of our plans to go public, we are planning an IPO next year, assuming a normal market situation. We have several projects that require additional investment involvement. We are for example taking the bond offering very seriously, we are budgeting expenses for it in order to service it successfully, to redeem it successfully," he said. The company is in the near future planning to carry out "the necessary procedures to prepare for an IPO." "We'll probably announce the specific parameters of the IPO and a specific time later," Alexeyenkov said.

EuroTrans is planning book building in the second half of December for at least 3 billion rubles of three-year series 001P-01 bonds with yield guidance corresponding to a premium of around 500 basis points against three-year OFZ and monthly coupon payments. BCS Global Markets, Gazprombank and Russian Agriculture Bank are running the offering. The Moscow Exchange registered a series 001P bond program of up to 15 billion rubles on December 6