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Obuv Rossii Has Placed the Fourth Bond Issue for 1 Bln Rubles
Obuvrus LLC that is a part of the Obuv Rossii Group of Companies placed 5-year bonds, Series БО-07 (identification number 4B02-07-16005-R of 21 March 2016) for 1 bln rubles. That is the fourth issue of Company’s bonds in two years. The bonds were placed on Moscow Exchange by public subscription. The organizer and technical underwriter of the transaction is PAO AKB Svyaz-Bank. The attracted money will be used to finance day-to-day operations of the Group and to implement the program of production development.
The bond issue includes 500 bonds with the par value of two mln rubles each. It is planned to pay quarterly coupons. The rate of the first coupon is 13.8% per year. The rates of coupons two through twelve are set equal to the rate of the first coupon. At the request of the holders, a three-year offer is provided.