Eurotorg invites bidders for Br3.5bn in listed bonds Mar 4, 2021
<p> MINSK, Feb 25 - PrimePress. Eurotorg LLC, the largest food retailer in Belarus, plans to collect on March 4, 2021 bids for exchange-traded bonds worth Br3.5 billion at the first coupon rate of 10.25-10.45% per annum, which corresponds to the yield to maturity of 10.65-10.87% per annum, RIA Novosti reports, citing a source familiar with the matter. </p> <p> </p> <p> The company intends to place on the Moscow Exchange five-year exchange-traded bonds of the 001P-02 series with quarterly coupons and a call option in four years. The technical part of the placement is preliminary scheduled for March 11, 2021. Gazprombank, Moscow Credit Bank, BC Region, SKB-Bank and Sovcombank act as arrangers. </p> <p> </p> <p> The placement is planned under the exchange-traded bond program registered in April 2020. Retail Bel Finance is the issuer for Eurotorg Group in the Russian bond market. </p> <p> </p> <p> Eurotorg placed on the Moscow Stock Exchange bonds worth Br10 billion in 2019 and Br5 billion in 2020. The company has also announced the placement of bonds in euros on this market. </p> <p> </p> <p> Eurotorg has been operating since 1993. The first store under the Euroopt trademark opened in 1997. The company occupies a 19% share in the retail market of Belarus. End </p> <p> </p>
2021-02-26
Primepress
Eurotorg invites bidders for Br3.5bn in listed bonds Mar 4, 2021
MINSK, Feb 25 - PrimePress. Eurotorg LLC, the largest food retailer in Belarus, plans to collect on March 4, 2021 bids for exchange-traded bonds worth Br3.5 billion at the first coupon rate of 10.25-10.45% per annum, which corresponds to the yield to maturity of 10.65-10.87% per annum, RIA Novosti reports, citing a source familiar with the matter.
The company intends to place on the Moscow Exchange five-year exchange-traded bonds of the 001P-02 series with quarterly coupons and a call option in four years. The technical part of the placement is preliminary scheduled for March 11, 2021. Gazprombank, Moscow Credit Bank, BC Region, SKB-Bank and Sovcombank act as arrangers.
The placement is planned under the exchange-traded bond program registered in April 2020. Retail Bel Finance is the issuer for Eurotorg Group in the Russian bond market.
Eurotorg placed on the Moscow Stock Exchange bonds worth Br10 billion in 2019 and Br5 billion in 2020. The company has also announced the placement of bonds in euros on this market.
Eurotorg has been operating since 1993. The first store under the Euroopt trademark opened in 1997. The company occupies a 19% share in the retail market of Belarus. End