Investors negatively reacted to the Dopamission of MTS Bank

Information about the possible upcoming additional issue of MTS Bank shares caused a decrease in the quotes of his papers by 4% following the results of trading, during the day the decrease exceeded 7%. Further dynamics of quotations depends on the disclosure of specific parameters and goals of the additional ministry, growth can cause, in particular, the declared price of new shares, which investors will consider attractive. MTS-Bank planned to disclose information about his domain on April 23.

After the disclosure of the MTS-Bank’s message in the information that the board of directors will consider an additional issue of shares on April 21, their quotes decreased sharply in price, even though the placement parameters were not disclosed. At the evening session of the Moscow Exchange, shares quotes reached 1305 rubles, which is 7.2% lower than the closure value of the previous day. According to the results of the evening session on April 22, the quotes dwelled at the mark of 1346 rubles, 4.3% lower than the closure of the previous day. The MTS-Bank said that information on the placement parameters will be published on April 23, abandoning additional comments until this time.

As explains the senior investment adviser to Gazprombank Investment David Grigoryev, if the bank is building a loan portfolio, and the growth rate of its capital does not keep up, the sufficiency of its capital is reduced.

So, according to the bank reporting, its assets in 2024 increased by almost 1.5 times, to 601 billion rubles. At the same time, at the beginning of March 2025, the level of sufficiency of the bank’s capital (H1.0) was 10.5%, while this indicator in the Assets of the OTP Bank reached 14.2%. The output may be an increase in profit, the release of a subordinated loan (according to RusBonds, in the circulation there are four issues of such bank bonds in the amount of 19.5 billion rubles) or the placement of new shares. In the current conditions of a high interest rate, the placement of shares is the most profitable for business, notes Mr. Grigoryev.

Despite the validity of such a practice, as market statistics shows, an announcement of any additional ministry is almost always in the moment negatively perceived by investors. So, according to Kommersant, over the past year, a dozen issuers of the promotion has significantly reduced in price after reports on the placement of additional shares. Moreover, in some cases, the maximum decrease exceeded 10%. In particular, in November 2024, the Segezha Group shares (as well as MTS-Bank, is a member of the AFC Sistema group) fell by almost 15% after the announcement of the additional repayment of debt. As a result of a trading day, the decline was 9.5%. At the same time, the more stable software companies – the Astra and Diasoft group – lost a maximum of 2.5–3.5%in price.

The issue of new shares leads to the erosion of the shares of current shareholders, including reducing dividend payments per shareholder. In addition, experts note that investors can perceive the additional ministry as a signal of a lack of funds in the company, which enhances their negative reaction. Investors react wary to uncertainty related to placement parameters. Often, issuers reveal the volumes and accommodation prices only some time after the announcement of the additional ministry. The finam believes that if the scale of the additional ministry will be small, and MTS-Bank will clearly explain the need for such a step and declare attractive conditions, promotions of the shares will be able to recover quite quickly. So investors reacted to the announcement of the cost of placement of the ABRUU-DURSO shares in the amount of 275 rubles, which was noticeably higher than current quotations. As a result, the stock on exchange trading increased in price by the results of the day by almost 10%.

Andrey Kovalev, Olga Bazutova