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Obuv Rossii: Offering of 3-year maturity exchange-traded bonds in the amount of 1.5 billion rubles
Novosibirsk, 21.07.2017: Obuvrus LLC, a member of Obuv Rossii Group, has placed on the Moscow Exchange 3-year maturity exchange-traded bonds, Series BO-01 (ID: 4B02-01-16005-R) in the amount of 1.5 billion rubles. BCS Global Markets is the organizer and GLOBEXBANK is the co-organizer of placement.
The offering consisted of 1.5 million bonds, each with a par value of 1000 rubles. The bond provides for semiannual coupons. For coupons 1 – 4, the rate was set at 15% per annum, coupon value 74.79 ruble per one bond. A put option is available for the bondholders upon expiration of 2 years from the bond issuance.
"Working in an open capital market is important part of our financial strategy", says Anton Titov, Director of Obuv Rossii Group. "The basic purpose of our bond issuance program is to diversify the company's loan portfolio, increase the share of long-term liabilities and enhance the company's public image among the investors".
Obuv Rossii Group has been implementing their bond issuance program since the summer of 2011. For a period of six years, Obuvrus LLC, a member of the Group, has placed bonds in a total amount of 6.2 billion rubles. Currently, three bond issuances for a total amount of 3.5 billion rubles are traded on the Moscow Exchange.