"Shoes of Russia" entered the stock exchange
22.05.2013 4274

"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 ...

Latest News

Coccinelle has launched an advertising campaign for autumn-winter 2022

Italian handbags and accessories brand Coccinelle has launched a new advertising campaign for its fall-winter 2022 collection called #WeAreOne. The black and white shots feature Coccinelle Beat bags, Coccinelle Magie and this season's new icon,…
07.10.2022 53

Russian shopping centers lose traffic and tenants

The Russian Council of Shopping Centers (RSTC) appealed to the governors of the regions with a request for assistance to the retail real estate market, which is in an extremely difficult situation. Against the backdrop of political and economic developments, as well as the transformation…
06.10.2022 59

Golden Goose acquires its main sneaker supplier

On Wednesday, Golden Goose, known for its Superstar sneakers, announced the acquisition of Italian Fashion Team, the main supplier and manufacturer of luxury sneaker brand Golden Goose. The amount of the deal was not disclosed...
06.10.2022 239

Kari adds new product categories to the range of family hypermarkets

Russian shoe retailer Kari continues to experiment with retail formats and assortment. This summer, the three well-established formats of Kari shoe retail - Kari shoe stores, Kari Kids for children and Kari Hyper hypermarkets - ...
06.10.2022 219

Bikkembergs released a collection of his own hits from 1990 and 2000.

Antwerp-born fashion brand Bikkembergs has launched an archival project, a collection of fifty-three items from the past. “These are things that don’t need to be updated to make people like them, they just need to be redone…
05.10.2022 211
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning