The collection of applications for a new issue of exchange-traded bonds of the OK Group, one of the largest Russian retail chains specializing in food trading, ended on May 25, 2023. This is stated in the message of the Rosselkhoznadzor.
The issuer of the bonds is LLC "OK", and a public irrevocable offer from JSC "DORINDA" is provided for the issue. The issue of the 001P-05 series has a circulation period of 10 years, an offer in 3 years, a coupon period of 91 days, a nominal value of 1,000 rubles.
The benchmark coupon rate was set at 11.75% per annum, which corresponds to a yield to maturity of 12.28%, and the initial issue volume is 5 billion rubles. High investor demand allowed the issuer to increase the volume of placement to 7.5 billion rubles and form a diversified investor structure consisting of banks, management companies, as well as a wide range of retail investors.
Technical placement and settlements on the Moscow Stock Exchange are scheduled for May 29, 2023.
Being the organizer of this issue, the Rosselkhoznadzor continues to develop relations with the company in the capital market. Previously, the bank was the organizer of 2 issues of bonds of the OK Group with a total volume of 13.5 billion rubles.
JSC "Rosselkhozbank" is the basis of the national credit and financial system for servicing the agro–industrial complex of Russia. The bank was established in 2000 and today is a key lender of the country's agro-industrial complex, is among the largest and most stable banks in the country in terms of assets and capital, as well as among the leaders of the reliability rating of the largest Russian banks.
GC "OKEY" (AIX, LSE, Moscow Exchange: OKEY) as of March 31, 2023 operated 276 stores in Russia (78 hypermarkets under the brand "OKEY" and 198 discounters "YES!") with a total retail area of 651,659 sq.m. The Group opened its first hypermarket in 2002 in St. Petersburg- St. Petersburg and has been showing steady growth since then. OK was the first Russian food retail chain to launch and actively develop online sales based on hypermarkets for home delivery. The Group has organized 9 online order pick-up points in Moscow and 17 more in St. Petersburg. In 2015, the group launched a network of discounters "YES!". The Group operates five distribution centers in Russia: three in Moscow and two in St. Petersburg. The group employs 21,900 employees. In 2022, the group's revenue reached RUB 202.2 billion and EBITDA reached RUB 17.0 billion. The joint—stock structure of OK Group of Companies: NISEMAX Co Ltd — 49.11%, GSU Ltd — 34.14%, other shareholders and shares in free circulation - 16.75%.
