Eurotorg places $5m in five-year FX bonds at 7% per annum Nov 25, 2020
<p> MINSK, Nov 25 - PrimePress. Belarus’ leading retailer Eurotorg LLC places five-year dollar-denominated uncertificated bonds of the 23rd issue at 7% per annum worth $5 million starting November 25, 2020, the company says. </p> <p> </p> <p> The 23rd issue was registered on November 12, 2020 with the Securities Department of the Ministry of Finance of Belarus. </p> <p> </p> <p> The par value of one bond is $1,000; the maturity period is five years (until November 25, 2025). </p> <p> </p> <p> The bonds are placed through the Belarusian Currency and Stock Exchange, involving Belarusbank OJSC as a nominated broker, and through Belarusbank’s Internet Banking system. </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. As of December 31, 2019, the company operated 870 food stores with a total area of 835,800 sq. m. (334,600 sq. m. in sales area) in 323 populated localities. The company also develops a food delivery service (over 3.6 million orders in 2019). End </p> <p> </p> <p> Belarusbank, Belarus’ largest bank, was founded in July 1991, and was transformed in October 1995 through a merger with Sberbank of Belarus. The state holds the 99.95% share in the authorized capital of the bank. End </p>
2020-11-26
Primepress
MINSK, Nov 25 - PrimePress. Belarus’ leading retailer Eurotorg LLC places five-year dollar-denominated uncertificated bonds of the 23rd issue at 7% per annum worth $5 million starting November 25, 2020, the company says.
The 23rd issue was registered on November 12, 2020 with the Securities Department of the Ministry of Finance of Belarus.
The par value of one bond is $1,000; the maturity period is five years (until November 25, 2025).
The bonds are placed through the Belarusian Currency and Stock Exchange, involving Belarusbank OJSC as a nominated broker, and through Belarusbank’s Internet Banking system.
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. As of December 31, 2019, the company operated 870 food stores with a total area of 835,800 sq. m. (334,600 sq. m. in sales area) in 323 populated localities. The company also develops a food delivery service (over 3.6 million orders in 2019). End
Belarusbank, Belarus’ largest bank, was founded in July 1991, and was transformed in October 1995 through a merger with Sberbank of Belarus. The state holds the 99.95% share in the authorized capital of the bank. End