Obuvrus LLC, which is part of Obuv Rossii Group of Companies, has placed 5-year exchange-traded bonds of the BO-07 series (identification number 4B02-07-16005-R from 21.03.2016) in the amount of 1 billion rubles. This is the fourth bond issue of the company for 2,5 of the year. The placement took place on the Moscow Exchange by open subscription.
The organizer and technical underwriter of the transaction is PJSC AKB Svyaz-Bank. The funds raised will be used to finance the current activities of the Group and implement a program for the development of production.
The bond issue includes 500 securities with par value of 2 million rubles each. The loan provides for the payment of quarterly coupons. The 1 coupon rate is set at 13,8% per annum. The rates of the 2-12 coupon are equal to the rates of the 1 coupon. A three-year offer is provided at the request of the owners.
“The bond program is part of our financial strategy, the purpose of which is to diversify the loan portfolio of the company and increase the share of long-term sources of financing. - comments the director of GC Obuv Rossii Anton Titov. - The funds raised will be directed, inter alia, to the implementation of the production development program. In 2017, we plan to invest in the modernization of equipment and the expansion of the cutting and sewing workshop at a shoe factory in the city of Berdsk, Novosibirsk Region. ”
Obuv Rossii has been implementing the bond program since June 2011. For six years, the company placed five bond issues. Currently, bonds in the total amount of 2 billion rubles are in circulation on the Moscow Exchange.
The Obuv Rossii group of companies was founded in 2003; its head office is located in Novosibirsk. The main business areas of the Group are footwear production, retail and wholesale trade in footwear and related products. Obuv Rossii develops five shoe chains: Westfalika (monobrand, mid-price segment), Pedestrian (multi-brand shoe supermarket), Emilia Estra (shoes boutique), Rossita (store for the whole family) and Lisette (fashion shoe salons). The shoe chain "Obuv Rossii" today has more than 450 stores in more than 100 cities. RAEX (Expert RA) assigned the Group an 'A +' credit rating (very high level of creditworthiness), the third sublevel, with a stable outlook. The company's revenue in 2015 according to RAS amounted to 9 billion rubles, net profit - 1,3 billion rubles. The company has online stores westfalika.ru, westfalika-home.ru, emilia-esta.ru, rossita.com.