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Obuvrus will begin placement of debut bond issue
27.06.2011 3197

Obuvrus will begin placement of debut bond issue

Obuvrus (a subsidiary of Obuv Rossii LLC) announced that it would start placing its debut bond issue on June 29. The bonds will be placed on the MICEX by open subscription. The company plans to issue 700 series 000 bonds with a par value of RUB 01. The placement volume is 1 million rubles. The loan maturity is three years from the date of the placement. An offer is stipulated in 700 years. The organizers of the loan are Svyaz-Bank JSCB, UniService Capital company and Accept CB. The order book for the purchase of 1,5 series bonds closed on June 01. The interest rate of the first coupon of the bonds by the decision of the Obuvrus company was set at 22% per annum.

Recall that the company decided to place securities on April 18 2011 of the year. Obuv Rossii is the first company in the Russian shoe market to place a bond loan. In the 2007 year, Obuv Rossii entered the bill market for the first time, in three years of the bill program the company managed to attract more than 700 million rubles for business development. The bond program is a logical continuation of the company's plans to diversify its loan portfolio and work in the open capital market.

The funds that the company will gain from the placement of the bonded loan will be used to implement the investment program until 2015. Under the program, the company plans to invest 1,5 billion rubles in the development of the network, by the beginning of 2015, increase the number of stores to 450 and revenue to 7,5 billion rubles.

Obuvrus (a subsidiary of Obuv Rossii LLC) announced that on June 29 it will start placing its debut bond ...
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