Corporate finance

New horizons for your business

Access to Russian and international capital markets allows you to tap into a broader investor base, unlock new opportunities for growth in market capitalisation, and cut the cost of debt

Why does this matter?

Amid highly volatile financial markets and constantly changing requirements, expert support is crucial for any company looking to tap into capital markets. Horizon has many years of experience in preparing and supporting financial transactions on the Russian and international markets. We work hand-in-hand with issuers as a financial advisor, representing their interests before investment banks, transaction advisors, exchanges, and depositories.

What does this mean for your business?

Listing and admission to trading on stock exchanges
New investment attracted
Disclosures compliant with the latest regulatory and exchange requirements
Better credit ratings
Support in communication with exchanges and depositary banks

Our approach

How do we do this?

We work hand-in-hand with issuers as a financial advisor, representing their interests at all stages of the deal

We choose the right listing location for you

We will analyse the listing rules of various stock exchanges and recommend the best listing location for you

We help make robust disclosures

We will work with transaction advisors to prepare disclosure documents, balancing the interests of all parties

We organise a legal due diligence

We will help organise and conduct a legal due diligence of the issuer (borrower)

We provide support for the roadshow

We will prepare presentation materials and review key considerations to make a Q&A list

We offer comprehensive support

We will provide support over the life of the security and help you comply with the regulatory and exchange requirements and partner with depository banks

What are we doing?

International market

Choice of listing location Preparation of a prospectus or a debt memorandum Due diligence Preparation of marketing materials and roadshow support Support and guidance over the life of the security

We compare listing requirements across all potential listing locations to identify the best one for you

We consult with the selected exchange to confirm the listing terms

What the customer receives?

An exhaustive and evidence-based recommendation of the best exchange to list your securities

We review applicable regulations and business practice

We carry out a review of your business to identify risk factors and relevant metrics to be disclosed in the prospectus (memorandum)

We collect and analyse information

We liaise with related transaction advisors to take into account their recommendations

We have the business sections of the prospectus translated into Russian

What the customer receives?

Disclosures that meet the information needs of investors, comply with the regulatory and exchange requirements, and follow recommendations by transaction advisors

We offer technical and organisational support for the due diligence process

What the customer receives?

A meeting / conference call between your company’s management and investment bankers and their legal advisors

We prepare roadshow presentations, taking into account the information disclosed in the prospectus (memorandum) and recommendations of other transaction advisors

We review key considerations and make a Q&A list

We organise logistics and provide support for the management team during the roadshow

What the customer receives?

A complete package of materials, as well as logistical and roadshow support

We have press releases published by the exchange

We prepare regular management reports

What the customer receives?

Compliance with the regulatory and exchange requirements on regular disclosures

The Russian market

IPO/SPO preparation and corporate bond placement Disclosures and investor engagement Support and guidance over the life of the security

We develop a term sheet

We prepare offering documents:

for shares: a resolution to issue shares and prospectus
for bonds: a bond programme, prospectus, bond resolution, and a term sheet

What the customer receives?

A structured transaction and all necessary documents

We prepare an offering memorandum and presentation materials

We organise and run online and offline events involving company management

What the customer receives?

Disclosures that meet the information needs of investors and comply with the regulatory and exchange requirements

We interact with a consortium of underwriters, trading systems and depositories

We secure an admission to trading on stock exchanges

We prepare issuer reports for the securities

What the customer receives?

Representation of your company’s interests, compliance with legal and regulatory requirements on regular disclosures

Our achievements

Horizon CF’s expert team has successfully completed a number of landmark deals in the Russian stock market, for example listing Gazprom’s American Depositary Receipts (ADRs) on the London and Singapore Stock Exchanges, providing support for eurobond issues, and the sale of 5.9% of LUKOIL through ADRs

IPOs and SPOs

completed in Russia

250

billion roubles

raised through bonds in the Russian market

billion US dollars

raised through eurobonds placed with our support