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Obuv Rossii repaid Exchange Bonds of BO-01 Series for RUB 1.49 Bln Ahead of Schedule
Today, on 17 July 2019 Obuvrus LLC (being the part of Obuv Rossii Group) redeemed in advance, as well as paid the income for the fourth coupon of exchange bonds of the BO-01 series (identification number 4B02-01-16005-R dated 20.05.2013). The redemption amount is 1,493,235.000 rubles that makes 100% of the face value. The coupon income is 111,679,045.65 rubles (74.79 rubles per one bond) that corresponds to the rate of the coupon of 15% per annum. The company has fulfilled obligations for payment of the coupon income and early repayment in full scope.
Obuv Rossii has placed publicly traded securities of the BO-01 series for the amount of 1.5 billion rubles on 21 July 2017 at Moscow Exchange. The number of issued securities was 1,500,000 pcs, par value was 1,000 rubles. Payment of the coupon was carried out twice a year. The BCS Global Markets acted as the organizer of placement, GLOBEXBANK JSC acted as the co-organizer. The company redeemed 0.4% of the BO-01 series issues for the total amount of 6 765 000 rubles according to the offer on 30 April 2019. From then onward bonds of the BO-01 series for 1.49 billion rubles were traded at Moscow Exchange.
“We has been implementing the bonds program since 2011; it is an important part of our financial strategy as it allows us to attract financing for business development, to form positive credit reputation and increase the pool of investors. Within 8 years of working in the debt capital market, we have placed bonds for the amount of 6.2 billion rubles," — comments Anton Titov, CEO of Obuv Rossii Group. "In 2019 the company redeems more expensive bonds which it issued in 2016-2017 fulfilling the strategy for optimization of debt obligations structure and decrease of borrowing costs. The decision to repay the next issue is one more stage of implementation of this program.”
Obuv Rossii will continue to work actively at the open capital market. Exchange bonds of the BO-07 series amounted to 1 billion rubles are currently listed at Moscow Exchange. The Group also plans to issue new debt securities within the bonds program. Borrowed monetary funds will be aimed at financing of Obuv Rossii’s current activity, increase in liquidity and improvement of the loan portfolio quality.
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