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Obuv Rossii is preparing a debut placement of bonds for 700 million rubles
11.03.2011 2367

Obuv Rossii is preparing a debut placement of bonds for 700 million rubles

The issuer "Obuvrus" (a subsidiary of GC Obuv Rossii) plans to place 1-series bonds in the amount of 700 million rubles, the company said.

The issuer plans to place 3-year bonds denominated in 1 thousand rubles by open subscription to the MICEX SE. Early redemption of bonds is not provided. Securities will have 6 coupon periods lasting 182 days. The 2-3 coupon rate is equal to the 1 coupon rate.

The main activities of the GC “Obuv Rossii” are retail and wholesale supply of shoes. The company develops 2 retail chains - discounters “Pedestrian shoe factory” and Westfalika single-brand stores. The company's turnover in 2010 amounted to 1,568 billion rubles.

The issuer "Obuvrus" (a subsidiary of GC Obuv Rossii) plans to place 1-series bonds worth 700 million rubles, the company said.
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