Download - ARFI Herald #9 – The Russian Investor Relations Society Herald – October 2014 edition

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#9 / 2014

2

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, .

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, : . 11703/0220812576

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. 11711/0220812584 Zoran Design

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/ #9 ( 2014)

,

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( !):

"" . . 51 57,

Evraz 350

"" (. . 92),

ICBC (. . 166),

500 IPO

IPSCO (. . 37),

"" 2024 ,

150-200 ,

(. . 146),

(. . 96),

UkrLandFarming

(. . 41),

, , ,

(. . 93, 108, 111, 112, 117, 121, 139),

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..................................................................................................................... 14

: & ........................................ 15

................................................................................... 22

IR- ............................................. 23

benchmarking, IR

.................................................................................................................... 23

: INVESTOR RELATIONS ........................ 29

IPO ............................................................................. 34

IPO *06.11.2014+ ............................................................. 35

.V.E IPO 2018 *05.11.2014] 36

*30.10.2014+ ...... 37

IPO *29.10.2014+........................... 38

*30.10.2014+ ............................................................................................. 39

IPO *30.10.2014+ ............................................................................. 39

5 , IPO 2018 *24.10.2014+ ........................................... 40

Softline IPO *23.10.2014+ .............................................................................. 40

"" IPO " " *23.10.2014+ ............................ 40

FORTGROUP IPO *23.10.2014+ .................................................................................. 41

UkrLandFarming *16.10.2014+ .......................................................... 41

, , IPO

[15.10.2014] ........................................................................................................................................................ 42

*14.10.2014+....................................... 42

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/ #9 ( 2014)

- IPO

[13.10.2014] ........................................................................................................................................................ 43

" IPO". KEGOC,

*03.10.2014+ ..................................... 43

IPO 2-3

[09.10.2014] ........................................................................................................................................................ 44

IPO .

*09.10.2014+ ................................................................................................................ 45

IPO *03.10.2014+ ............................................................................................... 45

.

IPO *02.10.2014+........................................................................................................ 46

DIGITAL IR ............................................................................................................................................................... 48

IR FTSE 100: ? ...................................................................................................... 48

"" ................................................ 51

: , ......................................... 58

: - ............................................ 79

: ............................................................. 91

*06.11.2014+ ...................................................... 91

"" 8

[06.11.2014] ........................................................................................................................................................ 91

"" Evraz *05.11.2014+ ................................................... 92

? *05.11.2014+ ...................................................... 93

*03.11.2014+ .... 96

4- ? *01.11.2014+ ................... 99

, *02.11.2014+ ..................... 105

: , *03.11.2014+ .............. 107

- *02.11.2014+ ......................................................................... 108

2015 *01.11.2014+ ................................. 108

8 - *31.10.2014+ ................................................................ 109

*31.10.2014+ ............................................ 109

*30.10.2014+ ....... 111

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*30.10.2014+ .................... 111

, *30.10.2014+ . 112

: 3 90 *30.10.2014+ ..... 112

*30.10.2014+ ........................................... 113

*30.10.2014]................................................... 114

- *29.10.2014+ .... 114

[29.10.2014] ...................................................................................................................................................... 115

*29.10.2014+ ................................................................................ 116

. *29.10.2014+ ................... 117

2 Doing Business *29.10.2014+ ........................................... 120

*28.10.2014]

........................................................................................................................................................................... 121

- *28.10.2014+ ................................................................................. 122

14% - ,

[28.10.2014] ...................................................................................................................................................... 123

: *27.10.2014+ .................. 124

*24.10.2014+ ............................... 129

.

*24.10.2014+ ................................................................................ 130

1,5 *23.10.2014+

........................................................................................................................................................................... 131

" "

[23.10.2014] ...................................................................................................................................................... 132

-: *23.10.2014+ ..................... 132

IPO *22.10.2014+ .......................................... 133

: 30 *22.10.2014+ .................... 134

"" *22.10.2014+ ................................................... 134

*22.10.2014] ............................... 135

9 " " *21.10.2014+ ..................... 135

- "" *21.10.2014+ .............. 136

SWIFT Bloomberg *21.10.2014+ ........................................... 137

*21.10.2014+ .......................... 137

:

[21.10.2014] ...................................................................................................................................................... 138

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*20.10.2014+ ....................................... 139

*20.10.2014] .......... 141

*20.10.2014+ ................. 142

2014 *18.10.2014+ .................... 142

*17.10.2014+ ............................................................... 145

10 "" 150-200 *16.10.2014+ ........ 146

*16.10.2014+ ..................................... 147

JB *16.10.2014+ ......................................................................................... 148

*16.10.2014+ ............................................ 148

2,8% *15.10.2014+ ..................................................... 149

. ,

[15.10.2014] ...................................................................................................................................................... 150

*15.10.2014+ .............................................. 152

*15.10.2014+ .... 152

*15.10.2014+ ............................................................................................ 153

2015 -- [15.10.2014]

........................................................................................................................................................................... 155

Gulf Air *15.10.2014+ .............................................................. 156

"" IPO *15.10.2014+ ........................................................................... 157

*15.10.2014+............................................... 158

, , *14.10.2014+ ........... 159

*14.10.2014+ ........... 160

Mail.ru IPO *14.10.2014+ ................................................. 160

*14.10.2014+ ............................................................................................................................. 161

$100

[14.10.2014] ...................................................................................................................................................... 163

. *14.10.2014+ .................................................................. 165

ICBC *14.10.2014+ ..................... 166

Acronis :

[14.10.2014] ...................................................................................................................................................... 166

$300 *14.10.2014+ .................................................... 169

" " UnionPay *13.10.2014+ ..................................................................... 169

IPO KASE *13.10.2014+ ............................................................... 170

2016 *13.10.2014+ ......................................................... 171

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500 *13.10.2014+

........................................................................................................................................................................... 172

*13.10.2014+

........................................................................................................................................................................... 172

*13.10.2014+ ................................................. 173

: *13.10.2014+ ....................................... 174

*13.10.2014+ ........................... 174

*13.10.2014+ .............. 175

( China State Construction

Engineering Corporation) [12.10.2014] ................................ 176

. - - *12.10.2014+

........................................................................................................................................................................... 177

*12.10.2014+ ...................................................................................................... 181

:

[11.10.2014] ...................................................................................................................................................... 186

: 73% 2014 *11.10.2014+ ........................ 187

*11.10.2014+ ............ 188

.

[11.10.2014] ...................................................................................................................................................... 188

*09.10.2014+ ............................................................. 190

*09.10.2014+ ....................................................................... 191

IPO .

*09.10.2014+ .......................... 191

*08.10.2014+ ......................................................... 192

10 *07.10.2014+ ............................. 194

20% *07.10.2014+ ......................... 196

*03.10.2014+ ......................................... 196

*03.10.2014+ ................................................................................................ 196

DST IPO *02.10.2014+ ..................... 197

Russian investors to visit North Korea to boost business ties [02.10.2014] ..................................................... 199

"": *02.10.2014+ .............................................................. 200

*02.10.2014+ ................................................................................................................ 200

: 2015 *02.10.2014+ .............................................. 201

$90 000 *02.10.2014+ .................................... 201

*01.10.2014+ ............................................................................................................ 202

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- *01.10.2014+ .............. 202

Sadovaya Group *01.10.2014+ ........... 203

: *01.10.2014+ ....... 204

*01.10.2014+ ............................................................................................................................. 206

[01.10.2014] ...................................................................................................................................................... 210

*01.10.2014+ ............................. 211

: ................................................................................ 212

*23.10.2014+ ........................................ 212

*22.10.2014+

........................................................................................................................................................................... 212

*22.10.2014+ ............................................................................................ 212

,

[21.10.2014] ...................................................................................................................................................... 213

,

[15.10.2014] ...................................................................................................................................................... 214

*13.10.2014+ ... 215

: .............................................................................................. 216

IPO 2010

[06.11.2014] ...................................................................................................................................................... 216

KEGOC IPO 505 *06.11.2014+ ........................................... 217

$75 *01.11.2014+ .................................................................... 218

- *30.10.2014+ ........... 219

*28.10.2014+ ............................ 220

Extractive Industries Transparency Initiative [20.10.2014] ................................... 220

M&A 2008 *20.10.2014+ ............................................ 221

*20.10.2014+ .............................................. 221

- *15.10.2014+ ........... 222

: *15.10.2014+ ................. 223

*15.10.2014+ ................................................. 225

*14.10.2014+ ......................................................... 226

?

[14.10.2014] ...................................................................................................................................................... 227

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*02.10.2014+ ............................ 229

*01.10.2014+ ............................. 229

: ........................................................................................... 231

44 *05.11.2014+ .................................................................... 231

*03.11.2014+ .......................................... 232

*02.11.2014+ ................................................................................. 232

? *30.10.2014+ ........................................................... 233

*30.10.2014+ ................................ 234

*29.10.2014+ .......................................... 235

[28.10.2014] ...................................................................................................................................................... 235

*27.10.2014+ ............. 236

*27.10.2014+ ................................. 237

*23.10.2014+ ...................................................................................................................................... 238

33% *23.10.2014+ ................................... 238

*22.10.2014+............................................................ 239

*22.10.2014+ ................................ 240

*22.10.2014+ ........................................................... 240

*22.10.2014+ ............................................................... 242

NCB $38

*22.10.2014+ ....................................................................................................................................... 243

Olam $400

*21.10.2014+ ............................................................................................................................................... 243

*18.10.2014+ ................ 244

*17.10.2014+ ............................................................................. 245

*16.10.2014+ ......................... 246

Singapore jostles with Hong Kong for financial crown [16.10.2014] ................................................................ 247

: 55 *14.10.2014+ ... 249

*14.10.2014+ ................................................... 251

*14.10.2014+ .............................................. 251

*14.10.2014+ .................................................................... 252

*13.10.2014+ ............................................................................................... 253

*10.10.2014+ ................................................................................. 254

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, : - *10.10.2014+ .......... 254

: *09.10.2014+ ................................. 256

$1,6 *08.10.2014+ ............................................. 258

*08.10.2014+ ....................................................... 258

*07.10.2014] ......................................... 259

*07.10.2014+.................................................................................................... 259

$6 *03.10.2014+ ......................................................... 260

*02.10.2014] ........................................................... 261

: 2014 - 2015....................... 262

............................................................................................................................. 263

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Facebook:

https://www.facebook.com/groups/arfi.news

LinkedIn:

http://www.linkedin.com/groups?gid=1025317

13

/ #9 ( 2014)

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14

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[ : 07.11.2014 ]

5 150 IR, , [ 10 - ; (44); , ]

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5 570 - - SlideShare ()

[ 30 , IR- 2014 (20 ), (15 ) (19 ) ]

230 "" Facebook https://www.facebook.com/groups/arfi.news

496 "" LinkedIn http://www.linkedin.com/groups?home=&gid=1025317

85 - IR-, 15 : "- : " RUS: https://vimeo.com/ondemand/19516

ENG: https://vimeo.com/ondemand/19455

45 - IR-, 19 : " : "

RUS: https://vimeo.com/ondemand/22043

[ - , , - Vimeo ]

15

/ #9 ( 2014)

: & >>>

,

1.

USD/RUB EUR/RUB

/RUB EUR/USD

32,06

39,39

43,39

30,00

33,00

36,00

39,00

42,00

45,00

44,06

49,95

54,64

40,00

43,00

46,00

49,00

52,00

55,00

37,46

44,14

48,45

35,00

38,00

41,00

44,00

47,00

50,00

1,36

1,26 1,26

1,25

1,30

1,35

1,40

1,45

16

2.

LIBOR 3M (USD), % LIBOR 6M (USD), %

EURIBOR 3M, % EURIBOR 6M, %

MOSPRIME 3M, % MOSPRIME 6M, %

0,242

0,235

0,232

0,220

0,230

0,240

0,250

0,355

0,330 0,328

0,310

0,320

0,330

0,340

0,350

0,360

0,370

0,230

0,083 0,086

0,050

0,100

0,150

0,200

0,250

0,300

0,350

0,351

0,184 0,189

0,150

0,200

0,250

0,300

0,350

0,400

0,450

6,86

10,53 10,97

6

8

10

12

7,06

10,68

11,24

6

8

10

12

17

/ #9 ( 2014)

3.

Dow Jones Industrial Average FTSE-100

1 510

1 411

1 488

1 200

1 300

1 400

1 500

1 600 1 480

1 124

1 091

1 000

1 100

1 200

1 300

1 400

1 500

1 600

15 546

17 043 17 391

14 500

15 000

15 500

16 000

16 500

17 000

17 500

6 731

6 637

6 546

6 100

6 300

6 500

6 700

6 900

18

4.

Euro-Cbonds IG Russia YTM eff (USD), % Euro-Cbonds IG Russia EUR YTM eff, %

Euro-Cbonds IG Russia RUB YTM eff, % bonds-CBI RU 3-5Y YTM eff, %

5.

Brent, USD/ , USD/

4,61

6,07

6,01

4

5

6

7

3,13

4,61 4,49

2

3

4

5

7,7

11,46 12,29

7

8

9

10

11

12

13

9,02

11,14

13,02

8

9

10

11

12

13

14

109

98

86

80

90

100

110

120

1 323

1 207 1 164

1 150

1 200

1 250

1 300

1 350

1 400

19

/ #9 ( 2014)

6. 2014

,

M/S&P/F

--1- 14.10.2014 10.10.2017 -/-/- 3 . 1

1-2 12% , 3-6 -

--1- 20.10.2014 01.10.2029 -/-/- 40 . 1 1 16% ,

2-15 -

-21- 28.10.2014 20.09.2044 Baa1/BBB-

/BBB 15 .

1

1-2 10,7% , 3-60 -

-1- 21.10.2014 02.10.2029 -/-/- 40 . 1 1 16% ,

2-15 -

-13-

01.10.2014 01.10.2024 Baa3/-/BBB 7 . 2

1-4 11,1% , 5-20 -

-15-

10.10.2014 10.10.2024 Baa3/-/BBB 5 . 1-40 11,92%

02-1-

21.10.2014 15.07.2047 -/-/- 5 . 1-131 8,75%

02-2-

21.10.2014 15.07.2047 -/-/- 2,5 . 1-131 11,25%

. -02--

21.10.2014 15.07.2047 -/-/- 1,3 .

-4-

16.10.2014 12.10.2017 Ba3/BB-/- 5 .

1,5

1-3 13% , 4-6 -

.

-4- 15.10.2014 02.10.2024 -/B/- 5 .

1 13,25% - 13,75%

-6-

02.10.2014 02.10.2019 Ba3/BB-/BB- 5 .

1

1-2 - 12% , 3-10 -

-1-

22.10.2014 18.10.2017 -/-/- 2 .

0,5 1 11% ,

2-6 - .

-3-

23.10.2014 19.10.2017 -/-/- 3 .

0,5 1 11% ,

2-6 - .

-1-

27.10.2014 23.10.2017 -/-/- 2 . 1

1-2 12% , 3-6 -

-16- 21.10.2014 20.09.2039 Baa2/BBB-

/BBB 25 .

1 - 9% , 2-50 -

: (CPI 100%) + 1%

-13- 10.10.2014 27.09.2024 Ba1/-/BBB- 5 .

5

1-20 11,1% , 21-40 -

-14- 13.10.2014 30.09.2024 Ba1/-/BBB- 5 .

5

1-20 11,1% , 21-40 -

-11-

23.10.2014 23.10.2019 Ba1/BBB-

/BBB 5 .

1

1-2 11,7% , 3-10 -

20

,

M/S&P/F

-14-

08.10.2014 02.10.2019 Ba1/BBB-

/BBB 4 . 1,5

1-3 11,4% , 4-10 -

-1- 08.10.2014 29.09.2021 -/-/- 3 . 1-14 - 10%

-1- 23.10.2014 14.10.2021 -/-/- 1 . 1-7 - 10%

--3- 09.10.2014 30.09.2021 -/-/- 5 .

1-4 13,5%

, 5-14 - MOSPRIME 6M + 2%

-3-

22.10.2014 09.10.2024 Baa2/BBB-/- 25 .

1,5

1-3 - 11% , 4-20 -

--25- 15.10.2014 11.10.2017 -/-/- 1 .

1

1-2 10,5% , 3-6 -

--32- 16.10.2014 03.10.2024 -/-/- 2,5 .

6

1-12 10% , 13-20 -

--33- 21.10.2014 08.10.2024 -/-/- 2,5 .

6

1-12 10% , 13-20 -

--34- 13.10.2014 30.09.2024 -/-/- 2,5 .

4

1-8 10% , 9-20 -

--35- 27.10.2014 14.10.2024 -/-/- 2,5 .

6

1-12 10% , 13-20 -

-8-

15.10.2014 19.10.2019 5 . 2

1-4 - 11.3% , 5-10 -

-9-

16.10.2014 20.10.2019 5 . 2

1-4 - 11.3% , 5-10 -

21

/ #9 ( 2014)

7.

,

9,8% ( ), 8% 9,5%, ,

MOSPRIME, (LIBOR EURIBOR)

: 5,5%, 2,9%

DJI, , , ( ) ( 2-3% 2014-2015 .)

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2% ( bonds CBI RU 3-5Y YTM eff 11,14% 13,02%)

, .. , , . Brent 12,2% 86 .

22

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/ #9 ( 2014)

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Excel

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/ #9 ( 2014)

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31

/ #9 ( 2014)

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34

IPO >>>

, $100 .

/

($ .)

Metro Cash & Carry Russia 2014 Retail IPO 1 .

KEGOC () 2014 Utilities IPO TBC

2014 Finance IPO 500

Goldenpay () 2015 Finance IPO TBC

S7 2015 Transport IPO TBC

"" " " Slon

2014-2015 Media IPO TBC

IPSCO,

2014-2015 Metals IPO 500

2015-2016 Insurance IPO TBC

(IPO ) 2016 Retail IPO TBC

() 2016-2017 Finance IPO TBC

.V.E 2018 Retail IPO TBC

5 2018 Retail IPO TBC

("" IPO) ? Logistics IPO TBC

( MOEX) 2018 Telecomm. IPO TBC

Softline (IPO ) 2018-2019 IT IPO TBC

FORTGROUP ( IPO LSE) 2014 Development IPO 500

( IPO) 2014 Retail IPO 400

27--14 Retail IPO 952

28--13 Mining IPO 1 230

TCS Group Holding 22--13 FIG IPO 1 087

35

/ #9 ( 2014)

/

($ .)

QIWI 02--

13 Finance IPO 229

05--13 Finance IPO 498

* Bloomberg

IPO

IPO [06.11.2014]

. - KEGOC . IPO - . .

20000 , , .

. 2000 , - . .

. KEGOC , . , 505 , 5 .

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http://www.inform.kz/rus/article/2714132

36

.V.E IPO 2018 [05.11.2014]

" 36,6"

, 5 . /. /. .V.E, " 36,6", (IPO) (LSE) 2018 . .V.E .

" , , ", - , , .

" 36,6" 2003 IPO, 20% . 5 2014 $36 .

2015 , "", . , , - "" 300, 200 .

" 36,6", , , . 639 " 36,6", 2013 , 200.

" 36,6" , 2015 300-400 .

10 A.V.E. , .

, , , ("36,6", "" A.V.E) 1 .

() "" 2015 . " , ", - . , " 36,6" .

, 1- 2013 18% , .

2013 " 36,6" ( , Hi Capital ), 50% , A.V.E .

" 36,6", A.V.E: " " " -1". 28 2014 " 36,6"

37

/ #9 ( 2014)

1,4 0,64 .

.V.E Group 2011 5 . 2012 .V.E "", 45% A.V.E .

http://tass.ru/ekonomika/1552880

[30.10.2014]

(IPO) , IPSCO.

, IPO , .

, IPO . , , , , . . , .

. . , . . 14 . , 2013 , 6,6 . , .

, . - . , . ( ) 12%. , , . IPO , .

http://www.corpomir.ru/10763-TMK-gotovitsya-otkryt-dostup-k-aktsiyam-svoego-severoamerikanskogo-podrazdeleniya.html

38

IPO [29.10.2014]

() IPO IPSCO , $500 , , .

, 56 (6% ) $140-150 . , IPO $350-360 .

, 2016 . 2,5 ( III 2014 . 4,5 $3,5 ). 2014 . $211 , 2015 . $510 ($328 ). 2016 . $855 .

, IPO , Bloomberg .

IPO , , .

Evraz Evraz North America IPO NYSE. , 25-35% . . $400 , Reuters . Bloomberg , Evraz North America $500 .

Evraz North America I 2014 . 2,5 . 22% Evraz, 14% EBITDA 20% .

I 2014 ., TMK IPSCO 28% , 10 , 380 000 1,05 .

http://www.ukrrudprom.ua/news/TMK_hochet_privlech_do_polmilliarda_dollarov_ot_IPO_i_prodagi_ak.html

39

/ #9 ( 2014)

[30.10.2014]

- , 2016 . , IPO .

, , . , 15% . IPO .

"" , -. 55 . : , , .

165 . (60%), (40%).

http://www.maonline.ru/glavnie/25461-yulmart-peresmatrivaet-plany.html

IPO [30.10.2014]

, IPO .

-, IPO , . , , .

. ELC , luxury- . 254 - 113 , ELC 31 . 322 . . , ELC . . . 2013 US GAAP 1130,4 , 36,2 . , .

http://www.riamoda.ru/news/news-detskij-mir-otkazalsja-ot-ipo-v-etom-god.html

40

5 , IPO 2018 [24.10.2014]

A5 A5, .

, 2015 1000 , 2019 2000, 5%- . 2015 35% 2014 .

Baring Vostok Private Equity Fund V 5, 31,25%- . 6% X5 Retail Group, A5 .

http://www.ffin.ru/market/news/39049

Softline IPO [23.10.2014]

Softline, IT-, - . Softline .

Softline $1 . , IPO , EBITDA . , Softline 27 , -.

Softline IPO 2008-2009 , - .

Softline IT- , , , , - . IT-, , . 2013 Softline $950 . 1993 . Softline , .

http://www.venture-news.ru/news/55214-softline-planiruet-provesti-ipo-v-gonkonge.html

"" IPO " " [23.10.2014]

IPO , .

, , ,

41

/ #9 ( 2014)

, 100% . , . , .

. , , -, IPO . , , , , .

, . , .

, . , , , , , , , .

http://www.mk.ru/economics/2014/10/23/minkomsvyazi-ne-isklyuchaet-narodnogo-ipo-pochty-rossii-v-budushhem.html

FORTGROUP IPO [23.10.2014]

FORTGROUP . - .

, IPO .

IPO . ? -

- , , .

, 25% $500 .

http://asninfo.ru/news/fortgroup-otkazalas-ot-vyhoda-na-ipo

UkrLandFarming [16.10.2014]

UkrLandFarming , , , . .

, UkrLandFarming IPO - . , UkrLandFarming - .

42

5% Cargill Inc. 200 . .

UkrLandFarming - , , . 653 . . - .

http://www.maonline.ru/mna/25363-ukrlandfarming-razmestit-privilegirovannye-bumagi.html

, , IPO [15.10.2014]

"-" .

" , ", - .

, IPO 2018 , .

http://vestnik-glonass.ru/news/corp/rossiyskiy-operator-sistemy-ekstrennogo-reagirovaniya-pri-avariyakh-vyydet-na-ipo

[14.10.2014]

. IPO 2015-2016 . . - , 100% . IPO . , .

, , .

, . 2014 . , , - . 2020 40%, - .

, (). 15-20% , .

http://www.znak.com/hmao/news/14-10-19-35/1029961.html

43

/ #9 ( 2014)

- IPO [13.10.2014]

- IPO. 70 400 25 .

IPO. IPO . , , , . , IPO.

, 30 .

, IPO 2012 . IPO . 35 34 . 2012 75 , 2013 109 .

2014 IPO KEGOC. 10% . 2015 -, 2016 .

http://www.zakon.kz/kazakhstan/4659870-v-kazakhstane-startovala-informacionno.html

" IPO". KEGOC, [03.10.2014]

, , , , . , - .

, IPO KazTransOil - 38 - 10% .

, IPO 1000 - 700 . - 7 . - 725 , 0,5 , - 100 .

2012 , KazTransOil - 75 , 2013 - 109 .

44

IPO .

, , . IPO . - .

IPO, , , , , , .

http://mgorod.kz/nitem/v-noyabre-nachnetsya-vtoraya-volna-narodnogo-ipo

IPO 2-3 [09.10.2014]

, 9 . //. IPO 2-3 , .

IPO, , .

, IPO , , , .

, 2-3 , IPO, .

, IPO 2016 , , .

(FMO) , FMO $20 . $12,5 ., 1- 2015 .

, , . , 2007 , .

http://www.armbanks.am/2014/10/09/80245

45

/ #9 ( 2014)

IPO . [09.10.2014]

Karnet Capital, , -, , (SEC).

. .

SEC , Karnet Capital , . -, Trans-Trade Capital 50 25 .

http://ibusiness.ru/blog/novosti/35204

IPO [03.10.2014]

IPO . . .

IPO .

25% . , , , , , . . , - .

. 3 . , , , , , . 2013 , , , IPO. , . , , , . , , , 2013 23 , .

http://glagolurfo.com/newsitems/2014/10/3/vladimir-putin-uskoril-ipo-uvz

46

. IPO [02.10.2014]

- KEGOC. - 10% 1 . : . - . , , KEGOC 1 .

, , (KASE) . IPO : 10 , KASE, . , , KEGOC.

- , , . IPO: , , 3-5 . , . - : 725 , 1109; , . .

: , KEGOC , , 40 100% . , . 40%, , 40%. 40 100%; , , .

. - , KEGOC 15 , 1 , . , , , KEGOC 600 .

, . 2013 KEGOC 14,5 , 2012- 6,9 . 2014 86,4% - 588 4,3 - 2013 .

, , IPO, 280 31 2014. , - (. ).

47

/ #9 ( 2014)

, -, , . - , -, , , - , . , , , , , .

http://expertonline.kz/a13108

48

DIGITAL IR >>>

DIGITAL IR - , , angloru

IR FTSE 100: ?

, .

. -

" ".

10 :

http://evolvingir.com/

FTSE 100 , -

, :

Clicks

, IR c ?

, ,

. (78%) IR

-. ,

, :

InterContinental IR ;

, .

( , ). ,

: http://www.intercontinental.com

27 .

, (: British Airways,

www.iairgroup.com); "Corporate" "About us"

,

IR : http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/summary/summary-indices-

constituents.html?index=UKX&page=1)

49

/ #9 ( 2014)

,

.

?

56 100 IR-

( ;

)

, , .,

. FTSE100 ?

4 IR.

, 96 (?)

- ;

FTSE 100 ?

2 100 , IR

:

Tesco (http://www.tescoplc.com/index.asp?pageid=7)

Weir (http://www.weir.co.uk/media/90831/Weir-Fact-Sheet_July-2014.pdf)

, .

,

. IR apps/.

24 IR apps

7 Android,

Apple

10 : http://evolvingir.com

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?)

2. Rolls-Royce

cookies

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IR

50

4. IR Burberry

5. Carnival 10-20 (,

)

6. Friends Life - ,

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8. , Royal Mail

IROs ( !)

9. Travis Perkins ,

- , IR .

,

10. Vodafone "": IR-,

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, IR

, ?

, !

uk.linkedin.com/in/alexandrebykov

[email protected]

http://evolvingir.com/

http://www.angloru.com

51

/ #9 ( 2014)

"" >>> : : ( , , , ) + , : : 05.11.2014 /: UGL Consulting Limited () : ? : ? :

: http://www.rosbalt.ru/kaliningrad/2014/11/05/1334578.html http://ruwest.ru/news/28723

: - Evraz : , 7 : : 30.10.2014 /: China Coal () : ? : ? : ,

: http://rusenergetics.ru/2014/10/30/kitajts-pomogut-postroit-novj-obekt-v-tuve

52

: Solar Systems (100% Amur Sirius) : , 100 / : : 29.10.2014 /: Amur Sirius () : 6-9 : :

: http://neftegaz.ru/news/view/131796

: .- : : ? : 29.10.2014 /: - : ? : ? :

: http://www.bn.ru/news/2014/10/29/199750.html

: : (), ( ) : : 27.10.2014 /: , : ? : ? :

: "" http://agro2b.ru/ru/news/18575.html

53

/ #9 ( 2014)

: 19 : : , : 24.10.2014 /: () + Mubadala Development Company - () + Kuwait Investment Authority : ? ( , 100 . ..) : ? :

: 19 http://www.russianrealty.ru/tidings/market/664220 http://www.kommersant.ru/doc/2596418

: : + + ( ) : : 24.10.2014 /: - - : = 120 : ? :

: http://kavkaz.mk.ru/articles/2014/10/27/vlasti-oae-vozzhelali-postroit-v-groznom-universitet-s-mezhdunarodnym-statusom.html

54

: : - , -- ( ), 10 , 3 66 : ? ? : 22.10.2014 /: ( "" 12 ) : ; 1,1 : ? :

: http://info.sibnet.ru/?id=397127

: " "" () : , : : 17.10.2014 /: ZTE () : ? : ? : ,

: 17.10.2014 ZTE "" http://www.interfax-russia.ru/Center/news.asp?id=550625&sec=1679 ZTE http://www.vechor.ru/index.php?option=com_content&view=article&id=6987:-zte-&catid=45:2010-09-06-13-51-56&Itemid=65

55

/ #9 ( 2014)

: : - . , 500 : : 16.10.2014 /: Dongfeng Yangtse Hongkong ( Dongfeng Motor, . ) : 100 . : ? : -

: Dongfeng http://www.autostat.ru/news/view/18338 Dongfeng Motor $100 http://www.metalinfo.ru/ru/news/74446

: : , , : : 15.10.2014 /: AVIC Forestry ( AVIC International, ) : 9 . ( 30 . ) : ? :

: - http://www.riatomsk.ru/article/20141015/russko-kitajskij-zavod-shpona-otkroetsya-v-tomskoj-oblasti-v-noyabre 2014 . http://lesprominform.ru/news/branch/5752-roskitinvest-v-nojabre-2014-g.-vvedet-v.html

56

: : - (), 1 (, , ) 200-220 . : : 15.10.2014 /: , Zijin Mining Group () : 24 : ? : 2015

: - 2015 . http://www.metalinfo.ru/ru/news/74408 http://vesti-yamal.ru/ru/vesti_arktiki/v_respublike_tyiva_postroili_novyiy_gornoobogatitelnyiy_kombinat143542

: : 600-1200 : : 18.07.2014 /: "" (CGGC) () : ? : ? :

: http://barnaul.bezformata.ru/listnews/kitajskaya-korporatciya-gechzhouba/22165210

57

/ #9 ( 2014)

: : : : 20.06.2014 /: Zhengzhou Qie Grain and Oil Machinery () : ? : ? :

: http://agro2b.ru/ru/news/16533-Kitaj-hochet-zanimatsya-glubokoj-pererabotkoj-zerna.html

58

: , >>>

== : 30% [06.11.2014]

http://russian.rt.com/article/58074

== 2014 2530% 2013 - *05.11.2014+

http://vz.ru/news/2014/11/5/713949.html

== - *31.10.2014+


== , ExxonMobil - *29.10.2014]


== - *29.10.2014+


== *29.10.2014+

ZJ-40 DBS . , . , .


59

/ #9 ( 2014)

== , - - - *29.10.2014+


== - *29.10.2014+


== C - *29.10.2014+


== , *29.10.2014+


== - *28.10.2014+

http://www.vestifinance.ru/articles/48718

== *28.10.2014+


== - *28.10.2014+

, . .

, .


== , - *28.10.2014+


60

== - - *28.10.2014+


== : " " *27.10.2014+

http://itar-tass.com/ekonomika/1534119

== : [27.10.2014]

, , . 2014 4 , 22% .


== 5080% - *27.10.2014+

.


== 300 . McDonalds , *27.10.2014+


== - *27.10.2014+


== - *24.10.2014+


61

/ #9 ( 2014)

==

" " , 4 - New Rise. - 400 .

, . . .

, 150 .


== *20.10.2014+

, .

, 50%. 2014 .

http://ria.ru/economy/20141020/1029066425.html

== [20.10.2014]

, , , .

, - , , , , - , .

, .


== , , - *24.10.2014+


== - "" *23.10.2014+


62

== , - *19.10.2014+

http://ria.ru/politics/20141019/1029014682.html

== "" *17.10.2014+


== "" - - - "" *23.10.2014+


== - *18.10.2014+

.


== 2015 , 3 [22.10.2014]

2015 . - 3 286,8 . (4,2% ) - .

http://rusvesna.su/economy/1413468855

== . , *15.10.2014+

http://www.rg.ru/2014/10/15/yuan.html

== , "" *23.10.2014+


== *23.10.2014+

- , -, -, , -, , , .

http://ria.ru/world/20141023/1029640095.html

63

/ #9 ( 2014)

== : *22.10.2014+

30- $456 . .


== 3-6 *22.10.2014+


== " " - *22.10.2014+


== *22.10.2014+

, . , , , .

http://www.pravda.ru/news/economics/rules/22-10-2014/1232240-deofshor-0

== *24.10.2014+


== *24.10.2014+


== *17.10.2014+


== () *24.10.2014+


64

== : , , - 2-3 2014 , *21.10.2014+


== Moody's - *21.10.2014+


== : , *20.10.2014+

http://www.sdelanounas.ru/blogs/53975

== *19.10.2014+

, , , .


*22.10.2014+

http://oilru.com/news/432757

== *15.10.2014+

2,8% , , . ,

http://top.rbc.ru/economics/15/10/2014/543e6c2dcbb20fa8f281304f

== - *13.10.2014+


== [13.10.2014]

, - , - .


65

/ #9 ( 2014)

== , - [13.10.2014]


== - , , - [16.10.2014]

, - .


== , , 40 50 - *14.10.2014+


== 825 - *24.10.2014+


== "" - The Financial Times [17.10.2014]

"" Zaiwalla & Co., Melliat . Melliat : , , .


== - *17.10.2014+

. . $70 .


66

== - *24.10.2014+


== *14.10.2014+

" " , - , .

http://ria.ru/studies/20141014/1028199102.html

== *14.10.2014+

() Sinopharm "".

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Sinopharm (China Sinopharm International Corp) - , . Sinopharm 2013 32 .


== [14.10.2014]


== "" *14.10.2014+

", , ", - .

http://1prime.ru/News/20141014/793862930.html

== - 16 18 [16.10.2014]


67

/ #9 ( 2014)

== *17.10.2014+

, .


== 22% 8 - - *17.10.2014+


== 2014 7,7% 2013 2 995,3 - *17.10.2014+


== - *18.10.2014+

(-) 124,5% .

http://sdelanounas.ru/blogs/53917

== *18.10.2014+


== - *18.10.2014+

. .


== - *18.10.2014+

http://e-mordovia.ru/news/view/22099

== *18.10.2014+

http://ruserbia.com/economic/serbpredp/2589-eshche-dva-serbskikh-molokozavoda-budut-postavlyat-svoyu-produktsiyu-v-rossiyu

68

== : , *19.10.2014+

, . , : . .

http://www.vesti.ru/doc.html?id=2058801&cid=7

== 21 *20.10.2014+


== *20.10.2014+

.

2020 1 .


== *19.10.2014+

, , , , , -, , , , , , , . , , , , .

.


== 2018 , 2020 , - *22.10.2014+


== 17 64 . *21.10.2014+


== : [21.10.2014]


== *22.10.2014+

http://ria.ru/defense_safety/20141022/1029462888.html

69

/ #9 ( 2014)

== "" *22.10.2014+

() "", , , "" "" .

--300 2020 .

, , .

- . , .

http://ria.ru/atomtec/20141022/1029451948.html

== 27 *22.10.2014+


== "" [22.10.2014]

, , , .

, , 450 75 .

http://ria.ru/society/20141022/1029509233.html

== , - *22.10.2014+


== 400 , [23.10.2014]


70

== - *23.10.2014+

, .

http://govoritmoskva.ru/news/16582

== 600 , [23.10.2014]


== "" Zaiwalla & Co *13.10.2014+

.

http://www.dw.de/%D1%80%D0%BE%D1%81%D0%BD%D0%B5%D1%84%D1%82%D1%8C-%D0%BD%D0%B0%D0%BD%D1%8F%D0%BB%D0%B0-%D0%BB%D0%BE%D0%BD%D0%B4%D0%BE%D0%BD%D1%81%D0%BA%D1%83%D1%8E-%D1%84%D0%B8%D1%80%D0%BC%D1%83-%D0%B4%D0%BB%D1%8F-%D0%BE%D1%81%D0%BF%D0%B0%D1%80%D0%B8%D0%B2%D0%B0%D0%BD%D0%B8%D1%8F-%D1%81%D0%B0%D0%BD%D0%BA%D1%86%D0%B8%D0%B9/a-17994434

== - *13.10.2014+

http:// www.yama lpro.ru/2014/10/13/kitay-gotov-postavlyat-v-rf-neftegazovoe-oborudovanie

== [13.10.2014]


== : - , [13.10.2014]

, , , " ".

, , .

.

http://interpolit.ru/blog/vyzov_prinjat_rossija_i_kitaj_nachinajut_formirovat_sistemu_mnogopoljarnogo_mira/2014-10-13-2757

71

/ #9 ( 2014)

== " " [13.10.2014]


== *13.10.2014+

- 150 .

.


== , - - *11.10.2014+


== - Wall Street Journal [13.10.2014]


== - - - *11.10.2014+

- , , .


== , , - "" *10.10.2014+


== , - [13.10.2014]


== "" *13.10.2014+

http://www.pravda.ru/news/economics/13-10-2014/1230698-rossia-0

72

== Lifan *13.10.2014+


== [13.10.2014]

TusPark Co, , , . , . 1,5-2,5 , 20-40%.

http://politikus.ru/v-rossii/32692-omz-dogovorilis-s-veduschim-universitetom-knr-o-peredache-kitayskih-tehnologiy.html

== -114 - - *13.10.2014+


== - *13.10.2014+

http://ria.ru/economy/20141013/1028144833.html#14132145867384&message=resize&relto=login&action=removeClass&value=registration

== *10.10.2014+

" ". - , 21 2014 . "" (CNPC).


== *09.10.2014+

http://www.warandpeace.ru/ru/news/view/94679

== - The New York Times [09.10.2014]


== *10.10.2014+

http://lenta.ru/news/2014/10/10/armenia

73

/ #9 ( 2014)

== : , , , , , , *10.10.2014+

, .

, , , .

http://topwar.ru/59962-semerka-da-ne-ta.html

== [10.10.2014]


== , , *07.10.2014+

http://oilru.com/news/429908

== *07.10.2014+


== , 8 , , . , , , , *08.10.2014+

, , . . , .

, , , , - .


== , *08.10.2014+


74

== 15-20 - *06.10.2014+

.

2014 () -, - - , - - .

150 2 .

.


== " ", *07.10.2014+

http://itar-tass.com/politika/1490168

== 40% . - *06.10.2014+

http://vz.ru/opinions/2014/10/6/709059.html

== 75% *06.10.2014+

http://politikus.ru/v-rossii/31996-cb-rf-obyazali-perechislyat-75-pribyli-v-byudzhet-na-postoyannoy-osnove.html

== , *06.10.2014+


75

/ #9 ( 2014)

== , - " " [06.10.2014]

, .

" "", . . .

, . , , .


== *06.10.2014+

, Financial Times. .

Raiffeisen Bank International Socit Gnrale. " ". , Socit Gnrale 30 , , . Raiffeisen, , 10 .

http://www.inopressa.ru/article/06Oct2014/ft/banks.html

== 20% - , [06.10.2014]


== *06.10.2014+


== , *03.10.2014+

http://1prime.ru/mainnews/20141003/793132559.html

76

== - 19% 183,855 - *03.10.2014+


== " " 2014 - *03.10.2014+


== , - The Wall Street Journal [03.10.2014]


== *03.10.2014+

, , .

http://rusvesna.su/economy/1412298709

== 2015 - . *03.10.2014+


== *02.10.2014+

, , , .

http://mir24.tv/news/politics/11327987

== [01.10.2014]

, 20%, , , , .

http://cableman.ru/content/sovfed-odobril-prinyatie-zakona-ob-ogranichenii-zarubezhnogo-kapitala-v-smi

77

/ #9 ( 2014)

== " " [01.10.2014]

" ", , - " ".

2014 , 17 .


== , *02.10.2014+


== *02.10.2014+

http://pda.1prime.ru/0/%7B8412C902-4879-11E4-82FB-892505245505%7D.uif

== : *01.10.2014+

http://www.odnako.org/blogs/neizbezhnost-voyni-politekonomicheskaya-priroda-konflikta-ssha-i-rossii

== , *01.10.2014+

http://politikus.ru/articles/31547-rossiya-ostavila-za-soboy-pravo-voennogo-otveta-na-deystviya-ssha-v-sirii.html

== 8-10 - *01.10.2014+


== , 2015 *01.10.2014+


== - *01.10.2014+


78

== *02.10.2014+


== : 25-30% [02.10.2014]


== *30.09.2014+

http://www.iarex.ru/articles/51032.html

== *01.10.2014+

,


== *01.10.2014+


== " " 16 19 *01.10.2014+


== : *01.10.2014+


== *01.10.2014+

http://www.armstrade.org/includes/periodics/news/2014/1001/142525919/detail.shtml

== *02.10.2014+


== 9123 - *02.10.2014+

http://vpk-news.ru/news/22115

79

/ #9 ( 2014)

: - >>>

== 2015 *05.11.2014+ , , , , - 2014-2016 . . http://rusvesna.su/economy/1415191930 == *05.11.2014+ , , . http://www.russarabbc.com/rusarab/index.php?ELEMENT_ID=34037 == [05.11.2014] , , , , . http://russian.rt.com/article/58020 == *05.11.2014+ , . - . http://russian.rt.com/article/58031 == [04.11.2014] http://vz.ru/news/2014/11/4/713752.html == - *04.11.2014+ http://rusvesna.su/economy/1415066942

80

== - Berlingske [03.11.2014] : 15% . *: .+ http://vz.ru/news/2014/11/3/713640.html == - *01.11.2014+ http://russian.rt.com/article/57377 == : , [01.11.2014] , , , . Economie Matin . , , , , , , . - . , , , . , . http://russian.rt.com/article/57338 == 58% 2013 - *31.10.2014+ http://vz.ru/news/2014/10/31/713385.html == VISA 2015 70 - VISA *30.10.2014+ http://vz.ru/news/2014/10/30/713046.html == : *30.10.2014+ 5%, . . http://russian.rt.com/article/56982 == 2014 . 16,6% 20,3 - (Destatis) [29.10.2014] 26,3% , 2,3 , 2009 . http://www.vestifinance.ru/articles/48807

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== - *29.10.2014+ http://vz.ru/news/2014/10/29/712863.html == - - *29.10.2014+ http://vz.ru/news/2014/10/29/712921.html == : *28.10.2014+ http://www.russarabbc.com/rusarab/index.php?ELEMENT_ID=33949 == *28.10.2014+ , . http://russian.rt.com/article/56676 == : 55 [14.10.2014] (Bank of Korea) , 16,19 . 55 , , 290 . , 2012 0,4 . 13,7 , 25,9 . http://mixednews.ru/archives/66475 == , - "" " " [24.10.2014] http://www.vestifinance.ru/articles/48612 == 5 . 2 - *13.10.2014+ 200 , . http://rusvesna.su/economy/1413215771 == *22.10.2014+ 2014 2,7% 4,74 . 56,8%, - 389,6%. http://itar-tass.com/ekonomika/1524423 == $680 *21.10.2014+ , "-" . http://itar-tass.com/ekonomika/1522093

82

== ( Il Giornale0 [22.10.2014] , . , , . . Il Giornale. , . 16%, . 63%. http://www.dni.ru/economy/2014/10/22/284145.html == - - *22.10.2014+ http://rusvesna.su/economy/1414004304 == - Aftenposten *18.10.2014+ - , , , , . http://ria.ru/world/20141018/1028903234.html == *24.10.2014+ () 57,5 2014 . http://vz.ru/news/2014/10/24/712244.html == , , , *17.10.2014+ http://rusvesna.su/economy/1413559360 == - *22.10.2014+ http://rusvesna.su/economy/1413827467 == - *18.10.2014+ . http://www.rg.ru/2014/10/16/turcia-site.html

83

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== *18.10.2014+ , , , , - Affaires-strategiques.info. http://ria.ru/world/20141018/1028893365.html == "" , , - , "" *20.10.2014+ "" 38,3 . 20 400 . http://ria.ru/energy/20141020/1029184467.html == *19.10.2014+ , , . http://ria.ru/world/20141019/1029049575.html == " -", , *18.10.2014+ http://ria.ru/economy/20141018/1028971896.html == , - *22.10.2014+ http://russian.rt.com/article/55690 == - The Foreign Affairs *22.10.2014+ , . . ( - :) ) http://russian.rt.com/article/55612 == Total , , *21.10.2014+ http://vz.ru/news/2014/10/21/711610.html == [23.10.2014] http://mixednews.ru/archives/66948

84

== - Tagesspiegel [22.10.2014] 16,6% , , 4,06 . , 15,5%. 2014 , , 20%, 7 . http://www.inopressa.ru/article/22Oct2014/tagesspiegel/russland.html == - , -1, *14.10.2014+ http://vz.ru/news/2014/10/14/710536.html == - *16.10.2014+ http://vz.ru/news/2014/10/16/710841.html == , , , *16.10.2014+ http://vz.ru/news/2014/10/16/710848.html == - *14.10.2014+ http://russian.rt.com/article/54291 == Boeing 777 , - *15.10.2014+ http://russian.rt.com/article/54538 == - BASF , Bloomberg *24.10.2014+ http://vz.ru/news/2014/10/24/712152.html == *16.10.2014+ (, ) . . http://expert.ru/2014/10/16/ujti-iz-latvijskih-portov == - BND *20.10.2014+ , 619 , 162% . http://ria.ru/world/20141020/1029188542.html

85

/ #9 ( 2014)

== , - Marine Harvest *22.10.2014+ http://ria.ru/economy/20141022/1029511374.html == Total - Deutsche Welle [23.10.2014] http://ria.ru/world/20141023/1029641109.html == " " *22.10.2014+ , . . http://rusvesna.su/economy/1413940127 == : *17.10.2014+ http://rusvesna.su/economy/1413508753 == S&P: - *14.10.2014+ . http://oilru.com/news/431033 == - (Sigmar Gabriel) *15.10.2014+ () 2014 2015 . 1,2 1,8 . , 2015- 1,3 , 2, , Deutsche Welle AFP. http://www.delfi.lv/biznes/economy/rezko-uhudshilsya-prognoz-dlya-ekonomiki-germanii.d?id=45099856 == 5 - , *13.10.2014+ http://vz.ru/news/2014/10/13/710209.html == Valio *11.10.2014+ . . Valio 2014 "" , . http://interpolit.ru/blog/finskoe_moloko_pereezzhaet_v_rossiju/2014-10-11-2737

86

== , - Moody's [11.10.2014] http://russian.rt.com/article/53870 == *11.10.2014+ . http://itar-tass.com/mezhdunarodnaya-panorama/1501090 == - UBS AG - *12.10.2014+ , 1,4% . http://www.vestifinance.ru/articles/47994 == - *11.10.2014+ - , . http://politikus.ru/events/32488-serbiya-otkazalas-svyazyvat-voprosy-sankciy-protiv-rossii-i-vstupleniya-v-es.html == *13.10.2014+ http://www.vestifinance.ru/articles/48104 == 203 - *13.10.2014+ http://www.km.ru/economics/2014/10/13/ekonomika-i-finansy/749574-litva-poteryaet-203-milliona-evro-iz-za-rossiiskogo- == : - , , , - Die Tageszeitung [10.10.2014]. http://m.ria.ru/world/20141010/1027766097.html == Valio 2014 "" , *12.10.2014+ Valio 10% , . , . 126 800 . 1 Valio 140 210 - . http://expert.ru/2014/10/11/finskoe-moloko-pereezzhaet-v-rossiyu/?ny

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== - *08.10.2014+ , 17%, - - . http://www.vestifinance.ru/articles/47936 == *06.10.2014+ http://interpolit.ru/blog/kak_sankcii_protiv_rossii_udarili_po_nemeckoj_ehkonomike/2014-10-06-2681 == , - 30 1 - (Der Russland-Tag). [03.10.2014] , 250 , 400 , , , , . http://interpolit.ru/blog/nemcy_protiv_nemcev/2014-10-03-2650 == - - - , *06.10.2014+ http://itar-tass.com/mezhdunarodnaya-panorama/1489647 == SWIFT . *06.10.2014+ http://ria.ru/economy/20141006/1027116597.html == , - - *06.10.2014+ http://vz.ru/news/2014/10/6/709123.html == 2009 - *06.10.2014+ 2014 5,7% . 2,4%. , , 8,4%, 2% . 1,3%, , , 2,6%. http://ria.ru/world/20141006/1027092847.html == *06.10.2014+ http://rusvesna.su/news/1412588248

88

== - *06.10.2014+ Comex, , . , , Comex . - , . , , , , , , . , , , - . , . http://www.vestifinance.ru/articles/47808 == - *05.10.2014+ http://russian.rt.com/article/52895 == *05.10.2014+ http://russian.rt.com/article/52944 == - Hill *04.10.2014+ http://rusvesna.su/economy/1412385824 == , - 30 1 - *03.10.2014+ http://interpolit.ru/blog/nemcy_protiv_nemcev/2014-10-03-2650 == - *03.10.2014+ http://vz.ru/news/2014/10/3/708723.html == [03.10.2014] http://vz.ru/news/2014/10/3/708757.html == , - - *03.10.2014+ http://vz.ru/news/2014/10/3/708667.html

89

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== , , *02.10.2014+ . http://ruposters.ru/archives/9347 == - - Business Sweden *01.10.2014+ http://www.yoki.ru/news/news/01-10-2014/422613-0 == Pirelli , - Pirelli *02.10.2014+ , - . , . http://gazetaslovo.com/%D0%BD%D0%BE%D0%B2%D0%BE%D1%81%D1%82%D0%B8/%D0%B8%D1%82%D0%B0%D0%BB%D0%B8%D1%8F/item/italyanskaya-pirelli-planiruet-uvelichit-investicii-v-rossiyu.html == : , , - [02.10.2014] - , . http://ruposters.ru/archives/9360 == *03.10.2014+ http://ria.ru/economy/20141003/1026693419.html == *30.09.2014+ , - . , - . http://mixednews.ru/archives/65530 == , *02.10.2014+ http://vz.ru/news/2014/10/2/708493.html == - , *02.10.2014] http://vz.ru/news/2014/10/2/708523.html == , *01.10.2014+ http://vz.ru/news/2014/10/1/708312.html == *01.10.2014+ , . http://ria.ru/economy/20141001/1026339042.html

90

== - eBay [30.09.2014] http://russian.rt.com/article/52294 == *01.10.2014+ , , , . http://www.vestifinance.ru/articles/47636 == "" *01.10.2014+ http://www.contextap.ru/news/141001112422.html == : , *01.10.2014+ http://ria.ru/world/20141001/1026377736.html == Valio *01.10.2014+ 140 210 . http://vz.ru/news/2014/10/1/708390.html == 20 *01.10.2014+ http://ria.ru/economy/20141001/1026356269.html == Daily Telegraph *01.10.2014+ http://ria.ru/world/20141001/1026484540.html

91

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[06.11.2014]

77 36- . . 41 , 36 . , 15 .

5 36- 700 4,3 . Gaz Capital S.A. ( ). JP Morgan. 12 2015 .

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http://cfts.org.ua/news/agrokholding_mriya_predlagaet_kreditoram_rasschitatsya_s_nimi_po_kursu_8_grn_doll_23259

"" Evraz [05.11.2014]

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93

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, . IPO 400500 . , Evraz Group ( ), .

1 / 2014. . /EBITDA 3,4 3,0. 2,1 .. 25,2%, 1,24 . 1,4 . EVRAZ18 (YTM 8,48,7%, Z-spread 720745 ..), 80110 .. TMK'18 (YTM 7,6%, Z-spread 640 ..), ( /EBITDA 4,5 1 / 2014 .). 2/4/5/7, 13,614,5% 1220 .

http://1prime.ru/experts/20141105/795338418.html

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. 1 1991 " " , . , , "Dallah al Baraka Group". 1997 (IDB) . . " " " " 2006-2007 "" , " " - "". $440 .

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94

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95

/ #9 ( 2014)

. (). " "Al Hilal Bank Kazakhstan", . " " (ICD), IDB, "". 2012 " " " "- " 240 . .

2011 7- . 2010 , - - . , . " ", - .

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96

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97

/ #9 ( 2014)

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98

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http://evrazesnews.ru/index.php/news/article/view/12/14750

99

/ #9 ( 2014)

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100

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101

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102

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103

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