Rieker
"Shoes of Russia" entered the stock exchange
22.05.2013 4588

"Shoes of Russia" entered the stock exchange

Obuv Rossii Group of Companies, one of the five largest shoe companies in the country, has received permission from the Moscow Exchange to bid for three issues of exchange-traded bonds with a total volume of 5 billion rubles and a circulation period of 3 each. Placement of the first bond issue in the amount of 1,5 billion rubles. scheduled before the end of the 2013 year.

The nominal volume of the second issue will be 1,5 billion rubles, of the third issue - 2 billion rubles. The face value of one bond will be 2 million rubles, coupon payment will be made every six months. Coupon rate will be determined before placement. The yield benchmark will be the yield of the Company's bonds issues at the time of placement.

“The funds raised during the placement of exchange-traded bonds will be used to finance the investment program that the company announced in mid-April,” commented Anton Titov, director of Obuv Rossii GC. - Under the Shoes of Russia program, it plans to invest 6 billion rubles in the development of the network, intends to open about 100 stores every year, and plans to increase the network by 2018 times to 3,5 outlets, and revenue by 650 times to 5 billion. This will allow the company to strengthen its leadership in the mid-price segment of the market and increase its share to 16% in value terms. ”

The decision to place three issues of exchange bonds by Obuv Rossii GC was made on 17 on April this year. At present, on the Moscow Exchange are corporate bonds of the company in the amount of 700 million rubles, which were placed in the summer of 2011 of the year. In April 2012, the company's bonds were included in the Moscow Exchange quotation list “B”. In December 2012, the company successfully passed the offer, having bought 0,6% of the issue. The rate for the remaining three coupons is set at 12,85% per annum.

Obuv Rossii Group of Companies, one of the five largest shoe companies in the country, has received permission from the Moscow Exchange to bid for three issues of exchange-traded bonds totaling 5 billion rubles and ...
5
1
Rating

Latest News

The Pantone Institute named the color of 2024

According to the Pantone Color Institute, the main color of the upcoming 2024 will be the delicate orange-pink shade “Peach Fuzz” (13-1023 Peach…
08.12.2023 236

Romika, Westland and Gerry Weber will be sold under the Josef Seibel umbrella

German shoe manufacturer Josef Siebel has announced that from the fall-winter 2024 season it will merge and sell footwear brands Romika, Westland and Gerry Weber under its own name, writes…
08.12.2023 250

Sneaker production launches in Astrakhan

The Duna AST company plans to launch the production of sports shoes on the basis of the Astrakhan rubber footwear plant. The enterprise received preferential financing from the Industrial Development Fund of the Astrakhan Region, and at the end of the month it is expected...
07.12.2023 331

Adidas and Reebok will be sold in the new ASP retail in Russia

Clothing and footwear of the brands Adidas and Reebok, which officially left Russia, will be presented in the assortment of the new retail chain ASP, the first store of which will open in the Belaya Dacha outlet in Moscow this week, writes...
07.12.2023 384

Timberland and Kith release another collaboration

Founded by American designer Ronnie Fieg, street fashion brand Kith has worked to update the appearance of Timberland winter boots...
06.12.2023 334
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning