/INTERFAX-AFI, Moscow, February 26, 08/ - Companies from Russia and CIS countries in year 2008 may borrow $40 bn. during IPO, conducting 40 offerings.

"In year 2008 is expecting about 40 offerings of companies form Russia and CIS countries, total volume of borrowed funds on which makes about $40 bn." - the press-service of The PBN Company informed to agency Interfax- AFI the prognosis of senior manager of consulting company Piter Nekarsulmer. A that, by his opinion, in total volume of offerings will significantly increase the stake of Ukraine.

In year 2007 companies form Russia and CIS had borrowed during IPO $34.3 bn.

By data of The PBN Company, in year 2007 Russian companies in the frames of IPO had borrowed more funds, that companies from any other European country - $29.4 bn. It exceeds the volume of funds, borrowed by companies from Great Britain ($22 bn. or 11.3 bn. sterling pounds), Germany ($11 bn.) and significantly lagging from them Italy ($5.8 bn.) and France ($4.9 bn.).

P.Nekarsulmer notes, that Russian companies showed that they are enough developed, in order to overcome shocks on world markets, and so are comparatively "safety harbor" fro international investors, searching for new opportunities of investing their funds.

"Other feature of growing ripeness of CIS countries' markets is the fact that now more than 80% from investments from IPO are reinvesting to business. Earlier conduction of IPO was considered as possibility for oligarchs to receive money for their debts", - he added.

PBN Company in its analytical review "Pioneers of IPO" notes in year 2007 the growth of amount of offerings by companies of CIS countries to 33 compared to 23 in year 2006 and 15 in 2005, increase of average size of capital borrowed in the frames of IPO, which exceeded $1 bn. compared to $917 m. in year 2006 and $380 m. in 2005.

Was noted the prevalence of companies of financial sector, to the stake of which came 52% of all borrowed funds. Companies of feed and mining sector borrowed only 15% from all inflows on the contrary to 56% in years 2005-2006. At that companies, having passed the listing on internal exchanges are showing the better dynamics, than companies having passed listing abroad. "Joint market capitalization of Russian companies, having passed the listing on local trade floors, increased to the end of year by 16% - on the contrary to results of Alternative investment market (AIM) and Main market of London stock exchange, on which joint market capitalization of all companies of CIS decreased by 1% and at grown by 5% correspondingly", - is said in the review.

IPO of companies from CIS, by opinion of PBN Company, is no more the synonym of cashing money for main shareholders. In year 2007 81% of all borrowed funds were reinvested to companies compared to 35% in year 2006 and 46% in 205. "The speech is not only about Russia. Stock market of Ukraine in the beginning of year 2008 had showed the stability in terms of instability of world market", - P.Nekarsulmer considers. - Kazakhstan, whose companies had borrowed in year 2007 $3.8 bn., undoubtedly will play the important role in current year too".

Concerning perspective, than in year 2008, as PBN Company expects, will prove themselves the companies of such rapidly growing and politically important in Russia sectors, as infrastructural, engineering and agricultural. PBN is giving the list of more than 85 companies from Russia and CIS countries, which are considering the possibility of offering of shares in the nearest three years.

[2008-02-27]