Press-releases
Obuv Rossii Places 4-Year Exchange-Traded Bonds Worth RUB 500 mln
Novosibirsk, 18 August 2020: Obuv Rossii LLC that is part of Obuv Rossii Group placed 4-year series 001P-03 exchange-traded bonds (issue identification number 4B02-03-00412-R-001P of 12 Aug. 2020) at MICEX under a program of stock-traded bond series 001P. The nominal amount of the issue is RUB 500 mln, organized by Ivolga Kapital LLC.
The issue includes 500 thousand bonds with the par value of RUB 1000 each. The loan provides for the payment every month. The coupon rate is set as 11.5% per annum; the coupon size is RUB 9.45 per one bond. Amortization is provided for: on the end dates of coupon periods 39, 40, 41, 42, 43, 44, 45, 46, 47, 48 10% of the par value of the bonds is planned to be paid.
“At the end of 2019, we started to modernize our business model: we transformed our stores into marketplaces with a wide range of products from different suppliers. We also continue to develop postal and financial services based on our stores. In the first half of the year, we achieved good results: the marketplace turnover exceeded 2 billion rubles. The main goals for the second half of the year are further development of the modern retail format, improvement of the shop efficiency, online store modernization and active development of the financial services. All these issues will allow us to adapt to the rapidly changing market conditions and increase key financial indicators, - comments Anton Titov, CEO of Obuv Rossii Group. - As for the open capital market, over the last 1.5-2 years we have started to interact more actively with retail investors, adapting the parameters of transactions to the interests of individuals. The successful placement of the present bonds issue confirms that investment community trusts the company. We also plan to expand the target audience of our investors as the part of our financial strategy".
Obuv Rossii has been carrying out a bond program since summer 2011. Over nine years, the Group has placed bonds for the total amount of RUB 9.2 bln. Now three issues of Company bonds for RUB 4 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 851[1] stores (175 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 13.7 billion for the full year of 2019, net profit was RUB 1.7 billion, and EBITDA was RUB 3.6 billion
In December 2019, RAEX (Expert РА) confirmed the creditworthiness rating of Obuv Rossii Group at ruBBB+ level, a "stable" forecast.
Website of the Group: www.obuvrus.ru; Internet stores: www.westfalika.ru, www.westfalika-home.ru, www.emilia-estra.ru, www.rossita.com, www.lisette.me.
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