Press-releases
Obuv Rossii Placed Three-Year Exchange-Traded Bonds in Amount of RUB 1.5 bln
Novosibirsk, 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.
Company profile:
Obuv Rossii (MOEX: OBUV) is a nationwide footwear company, the first publicly traded company in the Russian fashion retail. Obuv Rossii was established in 2003, it is headquartered in Novosibirsk and has a representative office in Moscow. The main Group business line is the production and sale of footwear and related goods. The Company manages 904[1] stores (172 operate as a franchise) under the brands of Westfalika (a monobrand store of classic footwear), Peshekhod ("Pedestrian") (a multibrand footwear supermarket), Rossita (a store for the whole family), Emilia Estra and Lisette (salons of fashionable footwear), in addition to developing brands of clothes and footwear for the active lifestyle brands of S-tep, All.go and Snow Guard. Furthermore, the Group also owns two manufacturing facilities in the Novosibirsk region.
In October 2017, Obuv Rossii raised 5.9 billion rubles in an IPO on the Moscow Exchange (ticker: OBUV), the issuer being OR PJSC, and in doing so became the first publicly listed company within the Russian footwear and fashion market.
In accordance with the audited Financial Statements under the IFRS Group, revenue amounted to RUB 11.55 billion for the full year of 2018, net profit was RUB 1.33 billion, and EBITDA was RUB 2.86 billion.
Website of the Group: www.westfalika.ru, www.westfalika-home.ru, www.emilia-estra.ru, www.rossita.com, www.lisette.me.
[1] As of 16 October 2019
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