Obuv Rossii GK paid the fourth coupon
27.06.2013 5041

Obuv Rossii GK paid the fourth coupon

On June 26, the fourth coupon of the bonds of series 01 of Obuvrus LLC, which is part of the Obuv Rossii group of companies, was paid. The total amount of payments was 44 rubles (560 rubles 685 kopecks per bond), which corresponds to a coupon rate of 64% per annum. The obligation to pay the coupon was fulfilled in full.

“The presence of an understandable development strategy, high financial performance of the company, as well as an increase in bond liquidity on the Moscow Exchange contribute to the growth of the attractiveness of Obuv Rossii securities. The number of holders of our corporate bonds during their circulation on the stock exchange has increased 8 times. Our company demonstrates high dynamics of business growth, outstripping the growth rate of the footwear market at times. GAGR of revenue of Obuv Rossii Group of Companies in 2009-2012 amounted to 37%, at the end of 2012 the company's profit doubled. At the same time, the growth rate of the footwear market, according to Discovery Research Group and RBC.research, averages 7-10% per year. - comments Anton Titov, director of Obuv Rossii Group of Companies. “Our profitability indicators also exceed the market average: at the end of 2012, EBITDA margin was 16%, the plan for this year is 18%.”

Recall that the Obuv Rossii group of companies placed its debut series 01 bond issue in the amount of RUB 700 million in the summer of 2011. The loan maturity is three years from the date of placement. The securities have 6 coupon periods of 182 days each. The rate for coupons 1-3 was 12,25% per annum, the rate for coupons 4-6 was set at 12,85%. Early redemption of bonds is not provided. The organizer and underwriter of the loan is OJSC CB Accept.

In April 2012 the bonds of Obuvrus LLC were included in the quotation list “B” of the MICEX Stock Exchange. In November 2012, the Expert RA rating agency assigned a reliability rating to the 01 series bond issue of Obuvrus LLC at A level (High level of reliability). In December 2012 Obuv Rossii successfully passed the offer on bonds, having bought back bonds in the amount of 4,5 million rubles, which amounted to 0,6% of the issue.

The funds raised by the company as a result of the placement of the bonded loan were used to develop the shoe network. In 2011-2012. the company has opened more than 80 stores and entered 19 new cities. In 2013, Obuv Rossii plans to expand its chain of stores to 240 by opening 60 stores.

On June 26, the fourth coupon of the bonds of series 01 of Obuvrus LLC, which is part of the Obuv Rossii group of companies, was paid. The total amount of payments amounted to 44 ...
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