News for Investors

Obuv Rossii Placed Three-Year Exchange-Traded Bonds in Amount of RUB 1.5 bln

16 October 2019

Obuv Rossii LLC that is a subsidiary of Obuv Rosii Group, has placed three-year bonds, series 001P-01 (identification number of the issue is 4B02-01-00412-R-001P of 12 August 2019) on MICEX under its program of exchange-traded bonds, series 001P. The nominal value of the bond issue is RUB1.5 bln; the organizers are BCS Global Markets, UNIVER Capital and Solid IFC.

The issue includes 1.5 mln bonds with the par value of RUB 1,000 each. The loan provides for the payment of quarterly coupons. The coupon rate is 12% annually; the coupon size is RUB 74.79 per one bond. Amortization is provided for, on the dates of the end of coupon periods 9-12, 25% of the par value of the bonds is planned to be paid.

“We use various instruments to finance the Company’s dynamic growth, including operation on the capital market, which is an important element of our financial strategy,” says Anton Titov, CEO of Obuv Rossii Group. “Our company is now the first and the only Russian footwear retailer that is implementing a bond program. We are expanding our investor pool offering the investors a reliable fixed income instrument under attractive terms. Our task is also to diversify the credit portfolio and to increase the share of long-term obligations.”  

Obuv Rossii has been carrying out a bond program since the summer of 2011. Over eight years, the Group placed bonds for the total amount of RUB 7.7 bln. Now two issues of Company bonds for RUB 2.5 bln are being traded at MICEX.