RAEX Rating Agency (Expert RA) again assigned Transmashholding Company creditworthiness rating A++, with the stable outlook.
8 February 2017 y.
On January 31, 2017 JSC Transmashholding, the largest railway stock and diesel engine manufacturer in Russia, built the book for offering of the PBO-01 listed bonds of RUB 10 billion nominal value. The set coupon rate is 9.95% per annum.
1 February 2017 y.
The listed bonds maturity period is 3 years. Coupon period duration is 182 days. The nominal value per one bond is RUB 1,000.
The high creditworthiness of the company, confirmed late 2016 by international Fitch credit rating of “BB-/Stable” and by the highest national creditworthiness rating of À++ also assigned by Expert RA in 2016, allowed driving considerable volume of demand by a wide range of investors.
The original expected first coupon rate was set between10.45-10.65% per annum, thus, corresponding to yield-to-maturity of 10.72-10.93%. The book within the original band was over-subscribed within 45 minutes after issue opening. Further on, in the course of book building the interest rate band was revised downwards twice up to 10.00-10.20% (yield-to-maturity being 10.25-10.46%) and finally it was set at the final level of 9.95%.
As a result, 68 investors registered for subscription and overall demand for Transmashholding bonds amounted to about RUB 40 billion.
VTB Capital, Gazprombank and Renaissance Capital are organizers for the bond issue. VTB Capital is a placement agent.
The issue will be offered on February 7, 2017 at Moscow Stock Exchange.
At present Transmashholding has no bonds outstanding, the last bond issue was paid off in 2014.
Bezhitsa Steel Foundry (BSZ) obtained the conformity certificate from the Federal Budgetary Organization "Register of Certification on the Federal Railway Transport" for its new product – freight wagon solebars.
27 January 2017 y.
Transmashholding has estimated the effect of Production System (TPSys) deployment in 2016 and viewed its effectiveness and results favorably.
25 January 2017 y.
EP20 Olympus electric locomotives ¹25 and ¹29 (registered at home depot Moskwa-Sortirovochnaya), produced by Novocherkassk Electric Locomotive Building Plant (NEVZ, belongs to Transmashholding Group) have passed a significant milestone: the mileage of each of them has exceeded 1 million km.
20 January 2017 y.
JSC Transholdleasing signed a loan agreement with Vnesheconombank providing for a RUB 27.62 billion credit facility maturing on December 27, 2030.
11 January 2017 y.
OEVRZ, which is part of Transmashholding, delivered 4 battery-electric direct-current locomotives with asynchronous traction drive designated for hauling service trains on the metro’s currentless or non-electrified lines.
9 January 2017 y.
27 December 2016 y.
Metrowagonmash (MWM, part of JSC Transmashholding) has fulfilled its contractual obligations towards the Moscow Metro and delivered the last eight-car train of model 81-760/761 Oka to the customer.
Oktyabrsky Electric Railway Car Repair Plant (OEVRZ, St.Petersburg, part of JSC Transmashholding) and St. Petersburg Metro signed the supply contract for metro cars with asynchronous traction drives.
26 December 2016 y.
JSC Transmashholding extends cooperation with its shareholder and strategic partner Alstom, the multinational engineering company; Transmashholding is involved as a subcontractor in large-scale projects, which are implemented in a number of countries countries.
22 December 2016 y.
The Fitch Ratings has assigned JSC Transmashholding, the largest transport engineering company in Russia, the foreign- and local-currency international credit rating of 'BB-' with a “stable” outlook.
22 December 2016 y.
The double deck passenger car with seats Model 61-4492 developed at Tver Railway Car-Building Works (TVZ, belongs to JSC Transmashholding) has been honored with a prize of Good Design Awards (Chicago, USA), an international industrial and graphic design program, in “Transportation” category.
20 December 2016 y.
Demikhovsky Engineering Plant delivered four six-car AC-EMUs of EP3D class to Kazakhstan under the existing contract.
14 December 2016 y.
OAO Metrowagonmash completed the performance of the supply contract for 27 DP-S DMUs to Serbian Railways.
6 December 2016 y.
Novocherkassk Electric Locomotive Plant (NEVZ, part of JSC Transmashholding) delivered NP1 No.76 traction unit to the Karelskiy Okatysh mine. This Russian company, which is No. 3 in Russia in terms of volumes of iron ore production and processing operations (20% of all Russian pellet manufacture) operates nine NP1 traction units so far. They are used on quarry tracks with the power system of single-phase 50 Hz alternating current with the catenary rated voltage of 10 kV. The traction unit is used for iron ore transportation and is designed to be operated at ambient temperatures from -50º up to +45º Ñ (working limit values) and at up to 1200 m altitude.
2 December 2016 y.
At ExpoCityTrans-2016 held at present in Moscow Transmashholding JSC and PC Transport Systems LLC (PC TS) presented the three-section 100% low-floor 71-931̀ Vityaz-M tramway.
29 November 2016 y.
TEM 28, the new shunting diesel locomotive manufactured by Bryansk engineering Plant (BMZ, part of JSC Transmashholding) completed operation tests with success. The locomotive is back from Penza depot where it has passed the 300-hours running test without objections, and confirmed its designed technical characteristics.
28 November 2016 y.
Novocherkassk Locomotive Building Plant (NEVZ, belongs to Transmashholding Group) has finalized testing of EP20 electric locomotive integrating prototype cabins produced within import substitution program.
24 November 2016 y.
JSC Transmahholding and South-Russian State Polytechnic University named after M.I. Platov have entered into a cooperation agreement
15 November 2016 y.
Tver, 3 November 2016 The Acceptance Committee has approved a new product of Tverskoy Coach Building Plant (TVZ, part of TMH), which is a double-deck staff coach with seats model 61-4503. It is designated for the passenger transportation with the speed of 160 kph and increased passenger capacity: 54 seats, including 2 for handicaps and accompanying persons.
3 November 2016 y.