JSC HALS-Development retired its debut bond issue in the amount of RUB 3 billion, the company informed.
The issue consists 3 million securities at par value of RUB 1,000 and was assigned state registration number 4-01-01017-H as of September 4, 2008. The issue was placed by public offering on April 14, 2009. The interest rates are 15% p.a. for coupons 1-2, 8.5% p.a. for coupons 3-10. Raiffeisenbank, CJSC Renaissance Capital acted as the lead arrangers.
JSC HALS-Development (previously OJSC Sistema-Hals, tax number: 7706032060) is a development company established in 1994 which specializes in the market of services in Russia and the CIS countries. In Moscow and Moscow region, the company manages office, commercial, hotel and residential real estate units. HALS-Development's controlling shareholder is VTB Bank (51.24%); about 21.16% of the company's shares being in public float.
HALS-Development's authorized capital is RUB 560.855 million and is represented by 11,217,094 common shares at par value of RUB 50. The shares are traded on the LSE (as GDRs), and the MICEX.
IFRS net loss of HALS-Development for H1 2013 grew by 13.7% to RUB 1.307 billion from RUB 1.15 billion for the same period in 2012. Revenue decreased 2.1-fold to RUB 1.717 billion from RUB 3.547 billion.
According to the DataCapital information retrieval system, RAS net profit of JSC HALS-Development for 9 months 2013 was RUB 716.583 million against a loss of RUB 493.210 million the year before. Revenue grew 5.19-fold to RUB 1.395 billion from RUB 268.919 million, GP 5.05 times to RUB 434.743 million from RUB 86.132 million, sales loss to RUB 335.298 million from RUB 288.338 million, pre-tax profit was RUB 502.261 million against a loss of RUB 668.983 million.