Obuvrus will begin placement of debut bond issue
27.06.2011 3470

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 ...
5
1
Rating

Latest News

Loewe presents new advertising campaign for spring-summer'25

Loewe's new Spring/Summer 25 campaign celebrates the Spanish origins of the luxury clothing, footwear and accessories brand. Photographer David Sims shot the campaign in northern Catalonia, in the village of Taverteta, the mountains…
13.01.2025 53

LLOYD has rebranded

German premium footwear brand LLOYD, which changed hands in May 2024, presents a refreshed logo and corporate identity. Under the management of The Athlete's Foot Arklyz Group, the brand has a new vision, which is reflected in the slogan "Fuel a…
13.01.2025 115

Parisian brand Y/Project announces closure

Parisian women's and men's clothing and footwear brand Y/Project, known for its innovative designs and a huge following, has finally announced the end of its…
10.01.2025 257

Vietnam to increase leather and footwear exports by 2024% in 11

According to the Vietnam Leather, Footwear and Bags Association Lefaso, Vietnam's footwear and leather exports will reach $27,04 billion in 2024, an increase of 11,45% year-on-year. The association forecasts that in 2025,…
09.01.2025 330

Alliance France Cuir: "Nothing imitates leather as well as leather"

In December, the French leather industry federation Alliance France Cuir launched a digital campaign to promote the use of genuine leather, titled “Nothing imitates leather as well as…
09.01.2025 314
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning