US/UK/Canada

Share

Pick a time period -
Tags ( Active)

TCS Group Holding PLC, Intention to Proceed with Initial Public Offering

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS), AUSTRALIA, CANADA, JAPAN OR THE RUSSIAN FEDERATION OR TO ANY OTHER JURISDICTION WHERE SUCH AN ANNOUNCEMENT WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE RUSSIAN FEDERATION.This announcement is an advertisement for the purposes of the Prospectus Rules of the United Kingdom Financial

Egidaco Investments PLC, early redemption of SEK 550,000,000 2011/2013

Egidaco Investments PLC has decided to proceed to the early redemption of SEK 550,000,000 2011/2013 bonds issued on December 29, 2011Egidaco Investments PLC, the parent company of ‘Tinkoff Credit Systems’ Bank (TCS Bank), announced its decision to proceed with early redemption of all currently outstanding bonds issued on December 29, 2011 according to the provisions of Clause 11 of the Terms and Conditions for the bond loan. Early redemption will occur on June 29, 2013 (the “Early Redemption Date”) at a price of 102,5 per cent of the Nominal Amount. The Record Date for the Early Redemption

TCS Bank debut ECP offering

Egidaco Investments Plc, the 100% parent company of TCS Bank, is pleased to announce TCS Bank's debut ECP offering.Tinkoff Credit Systems (TCS Bank) is a leading credit card company and a first online bank in Russia. The bank was founded by the renowned Russian entrepreneur, Oleg Tinkov. He was later joined by two financial investors, Goldman Sachs (in 2007) and Vostok Nafta (in 2008). In 2012 Baring Vostok Private Equity Fund IV and Horizon Capital’s Emerging Europe Growth Fund II also became shareholders. Based in Moscow, TCS Bank issues credit cards to customers in all of Russia's

TCS Bank places US$125m 5.5-year Lower Tier 2 Eurobond

Egidaco Investments Plc, the 100% parent company of TCS Bank, is pleased to announce that on November 29, 2012 Tinkoff Credit Systems Bank priced its US$125mm 14.00% 5.5-year debut subordinated Eurobond.The deal announcement followed two days of investor update meetings in the UK and Switzerland. On the back of a quality US$160mm orderbook with 60 investors, TCS upsized the transaction, pricing a US$125mm transaction at 14.00%. The transaction is the first subordinated placement for Tinkoff Credit Systems Bank and the longest ever offering placed by TCS. The deal follows TCS September 2012

Horizon Capital Invests in TCS Bank

Horizon Capital, a leading regional private equity fund manager announced today that it purchased 4% of shares Tinkoff Credit Systems (TCS Bank) for $40 million.  TCS is a leading credit card company and the first online bank in Russia.   It is controlled 100% by Egidaco Investments Plc.  The funding for this deal comes from Horizon Capital’s Emerging Europe Growth Fund II (EEGF II), which was raised in 2008.Oleg Tinkov, Founder of TCS Bank, said: “We are proud of the business we have built so far. Russia has a very large and growing credit card market, and we are very well positioned to

Changes to the Board of Directors of Egidaco Investments PLC

The Board of Directors of Egidaco has changed due to the recent changes in its shareholding structure.Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit Systems’ Bank (TCS Bank), announced that the following changes have been made to the Board of Directors:Ms Nasia Vryonidou was appointed as a director.  Mr Denis Tafintsev was appointed as a director (as a representative of Horizon Capital). The other members of the Board of Directors remain in their capacities. After those appointments the Board of Directors consists of 9 members: Constantinos Economides,

TCS Bank places US$250m three-year Eurobond with 10.75% coupon

Egidaco Investments Plc, the 100% parent company of TCS Bank, is pleased to announce that TCS Bank has successfully priced a US$250m three-year Reg S Eurobond with a 10.75% coupon.The offering was oversubscribed, with substantial demand from investors in Russia, Europe and Asia. “Thanks to strong demand we were able to increase the size of the Eurobond from our initial target of US$200m,"TCS BankPresident Oliver Hughes said. "We achieved a well diversified order book, with orders from more than 70 investors, and were able to price the transaction in the middle of our initial guidance

Changes to the Board of Directors of Egidaco Investments PLC

The Board of Directors of Egidaco has changed due to the recent changes in its shareholding structure.Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit Systems’ Bank (TCS Bank), announced that the following changes have been made to the Board of Directors:Ms Maria Demetriou resigned and was replaced by Ms Mary Trimithiotou.  Ms Laoura Michael was appointed as a director.  Mr Michael Calvey was appointed as a director (as a representative of Baring Vostok). The other members of the Board of Directors remain in their capacities. After those appointments

Baring Vostok invests in TCS

Baring Vostok Private Equity Fund IV has decided to invest 50 million dollars to support further growth of Tinkoff Credit Systems.Alongside the founder of the bank and majority shareholder, Oleg Tinkov, there will be three major international investment institutions: Goldman Sachs, Vostok Nafta Investments and Baring Vostok Private Equity Fund IV. The shareholders of the company strongly believe that the valuation of TCS will continue to grow as the business continues to show excellent results. The final closing is scheduled for 18 May 2012. The 'branchless' TCS was established in

Tinkoff Interim Report for 6 months 2010

Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit Systems’ Bank (TCS Bank), announced the financial results for 6 months 2010.In 1st half of  2010 TCS resumed growth of its customer base and credit card portfolio. The following figures relate to the financial position of the Group in the first two quarters of 2010: · Net income of $4.6m with RoAE of 23.6% · Number of issued credit cards up 35% to 558 thousand since year-end · Gross credit card portfolio up 17% to $232m since year-end · Retail deposits up 9 times to $68m since year-end · NPL have

Egidaco Investments plc, the parent company of TCS Bank, announces an Early Redemption of the Eurobond

Egidaco Investments plc ("Tinkoff"), the parent company of "Tinkoff Credit Systems" Bank (TCS Bank), announced today an Early Redemption of the Eurobond in accordance with the terms and conditions of the Bond.  The Notice Period is 30 days.The nominal amount of Tranche A of the Eurobond at the time of Redemption will be EUR 37.204.866,00.  Accrued interest on the Redemption date will be EUR 528,093.48.  The Record Date will be 16 July and the Early Redemption will occur on 23 July, after which Tranche A of the Bond will be redeemed in full.    On behalf of the Shareholders and the

TINKOFF CREDIT SYSTEMS REPORT FOR THE YEAR 2009

TCS Group had a very successful year 2009 and remains operationally healthy and liquid. Its flexible business model with very low fixed cost has enabled it to respond quickly to changes in the economic environment and move into ‘steady-state’ and manage the portfolio that has already been established. TCS’s credit card portfolio increased from 300 thousand to 418 thousand cards in 2009 (39% increase) following a 525% increase in 2008. The preliminary unaudited profit of the Group for the year ended 31 December 2009 was USD 18,206 thousand (2008: loss of USD 44,747 thousand). On 31

Egidaco Investments plc, the parent company of TCS Bank, announces a limited Eurobond buy-back programme

Egidaco Investments plc ("Tinkoff"), the parent company of "Tinkoff Credit Systems" Bank (TCS Bank), announced today that it has launched a program to purchase a limited amount of its own Eurobonds.This offer is available for a limited period and is made on the following conditions: 1) the target price is 100.5% of the nominal value of the Bonds (after amortisation); 2) potential sellers should communicate their intention from 04 June 2010 to 11 June 2010 by e-mail to the contacts below; 3) offers of sale will be satisfied on a ‘best effort’ basis, i.e. the Company will take the

Tinkoff Interim Report for 3 months 2010

Egidaco Investments PLC (“Tinkoff”), the parent company of ‘Tinkoff Credit Systems’ Bank (TCS Bank), announced the financial results for 3 months 2010.Tinkoff has had a good year so far and maintains a healthy cash flow. The company highlights are as follows: ∙              Net income of $4.5m with RoAE of 47.5% ∙              Number of utilised credit cards up 9.5% to 357,765 since 31 December 2009 ∙              Gross credit card portfolio up 11.9% to $223m ∙              Net interest income up 27% y-o-y to $23.7m ∙              NPL have been stable at around 5%As a

TCS Bank receives two international credit ratings

Egidaco Investments plc, the parent company of TCS Bank, is pleased to announce that on 11 May 2010, Fitch Ratings assigned to TCS Bank a Long-term Issuer Default (IDR) rating of ‘B-‘ with a stable outlook and on 12 May 2010, Moody’s assigned to TCS Bank a ‘B3’ long-term deposit rating with a stable outlook.Among the factors that drove their decision, both ratings agencies cite (i) low operating costs due to a business model which is based on direct marketing and internet-based services; (ii) a wide net interest margin; and (iii) adequate capital cushion. Please find attached the agencies’

There are no items matching the current filter
There are no more items matching the current filter
Back to top