O`KEY GROUP CLOSES ORDER BOOK ON RUB 5 BN BONDS


O`KEY Group S.A. (LSE: OKEY, the ‘Group’), one of Russia’s leading food retailers, announces the completion of book-building for RUB 5 billion bonds under publically traded program 4-36415-R-001P-02E, with coupon rate set at 7.50% per annum.


The purpose of the issue is refinancing of 001Р-01 series bonds traded at the Moscow Exchange with maturity in April 2021.

The nominal value of the new bond is RUB 1,000. The maturity is ten years from the date of placement, with a put option in three years. The coupon period is 91 days. The securities meet the requirements for inclusion into the Level 3 of the List of securities admitted to trading at Moscow Exchange.

Alfa-Bank, Gazprombank, Otkrytie bank and Raiffeisen Bank acted as arrangers of the placement. Raiffeisen Bank was the placement agent.

"We have successfully closed the book with a coupon rate below the pre-marketed range, and expect the new securities will start trading at the MOEX in early November 2020. With this issue we plan to refinance our current publically traded ruble bonds and further optimise our debt portfolio," – Konstantin Arabidis, O’KEY Group Chief Financial Officer, commented.



OVERVIEW

O`KEY Group S.A. (LSE: OKEY, RAEX – ‘ruA-’) is one of the leading grocery retailers in Russia, operating hypermarkets under the O`KEY brand and discounters under the DA! brand.

As of June 30, 2020, the Group operates 177 stores across Russia (77 hypermarkets and 100 discounters) with a total selling area of 589,894 square meters. The company opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O`KEY is the first Russian food retailer to launch e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Group has six e-commerce pick-up points in Moscow and six e-commerce pick-up points in St. Petersburg. In 2015, the Group launched the first discount chain in Russia under the DA! brand. The Group operates four distribution centres throughout the Russian Federation – two in Moscow and two in St. Petersburg. The company employs 20,000+ people.

In 2019, Group’s revenue totalled RUB 165.1 billion, while EBITDA reached RUB 14.1 billion and net income climbed to RUB 747 million.

The O`KEY shareholder structure is as follows: NISEMAX Co Ltd – 44.79%, GSU Ltd – 29.52%, free float – 25.69%.



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For further information please contact:
Natalya Belyavskaya
Head of Investor Relations
+7 495 663 6677 ext. 266
Natalya.Belyavskaya@okmarket.ru