Eurotorg plans placement 5-year bonds with price guidance at 10.65-10.87% worth RUB3.5bn at Moscow Exchange on Mar 11
<p> MINSK, Mar 4 – PrimePress. Belarus’ largest retailer Eurotorg LLC is planning to place a RUB3.5 billion bond issue with the first coupon’s price guidance at 10.25-10.45% per annum, which corresponds to a yield to maturity of 10.65-10.87% on the Moscow Exchange on March 11, 2021; the order book for the issue will be opened on March 4. </p> <p> </p> <p> Oleg Karpeyev, Russia’s SKB-Bank Director for operations with bond issuers, released this information during the webinar organized by Cbonds. </p> <p> </p> <p> Russian Gazprombank, Moscow Credit Bank, BC Region, SKB-Bank and Sovcombank will act as bookrunners. The issuer will be Retail Bel Finance, which was established to raise debt financing for Eurotorg Holding Group in the Russian bond market. </p> <p> </p> <p> Karpeyev recalled that Eurotorg placed RUB 10bn worth of bonds in the Russian market in 2019 in two tranches of RUB5bn, and in 2020 it placed securities worth RUB5bn. </p> <p> </p> <p> “The company always tries to make long-term borrowing, there have been no redemptions in the past years, so the new issue will fit in with the company, it will be long - for five years, but with the right of the issuer to declare the redemption of securities four years from the start date of placement. The other terms are comparable to previous issues; with quarterly coupons payable every 91 days. We also expect the issue to be rated by Expert RA, similar to previous issues. The first coupon’s price guidance is 10.25-10.45%, the yield is 10.65-10.87% per annum. The tentative book date of the issue is March 4, 2021, the book will be open for one day,” Karpeyev said. </p> <p> </p> <p> He noted that the new issue of Eurotorg securities, as well as previous ones, is designed for individuals and retailers. </p> <p> </p> <p> Eurotorg has been operating since 1993, the first shop under the brand name Euroopt was opened in 1997. Eurotorg’s self-estimated share in the retail market of Belarus stands at 19%. End </p>
2021-03-05
Primepress
Eurotorg plans placement 5-year bonds with price guidance at 10.65-10.87% worth RUB3.5bn at Moscow Exchange on Mar 11
MINSK, Mar 4 – PrimePress. Belarus’ largest retailer Eurotorg LLC is planning to place a RUB3.5 billion bond issue with the first coupon’s price guidance at 10.25-10.45% per annum, which corresponds to a yield to maturity of 10.65-10.87% on the Moscow Exchange on March 11, 2021; the order book for the issue will be opened on March 4.
Oleg Karpeyev, Russia’s SKB-Bank Director for operations with bond issuers, released this information during the webinar organized by Cbonds.
Russian Gazprombank, Moscow Credit Bank, BC Region, SKB-Bank and Sovcombank will act as bookrunners. The issuer will be Retail Bel Finance, which was established to raise debt financing for Eurotorg Holding Group in the Russian bond market.
Karpeyev recalled that Eurotorg placed RUB 10bn worth of bonds in the Russian market in 2019 in two tranches of RUB5bn, and in 2020 it placed securities worth RUB5bn.
“The company always tries to make long-term borrowing, there have been no redemptions in the past years, so the new issue will fit in with the company, it will be long - for five years, but with the right of the issuer to declare the redemption of securities four years from the start date of placement. The other terms are comparable to previous issues; with quarterly coupons payable every 91 days. We also expect the issue to be rated by Expert RA, similar to previous issues. The first coupon’s price guidance is 10.25-10.45%, the yield is 10.65-10.87% per annum. The tentative book date of the issue is March 4, 2021, the book will be open for one day,” Karpeyev said.
He noted that the new issue of Eurotorg securities, as well as previous ones, is designed for individuals and retailers.
Eurotorg has been operating since 1993, the first shop under the brand name Euroopt was opened in 1997. Eurotorg’s self-estimated share in the retail market of Belarus stands at 19%. End