O`KEY Group S.A. (AIX, LSE, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s leading food retailers, announces today the start of trading on Moscow Exchange of O’KEY LLC bonds series 001P-05.
The Company’s 001P-05 series publically traded bonds were admitted to trading on the Moscow Exchange today, on 29 May 2023. O`KEY LLC’s securities were included in the Moscow Exchange’s Level 2 List.
The bonds were issued by O’KEY LLC, with a public irrevocable offer from Dorinda JSC. The both companies are the wholly owned subsidiaries of O’KEY Group.
The book-building was completed on 25 May 2023, and the placement sized was increased to RUB 7.5 bn from initially planned RUB 5 bn, due to high investor demand. The bond issue of 001P-05 series has a 10-years maturity with a put option exercisable in three years, a coupon period of 91 days, and a nominal value of RUB 1,000. The coupon rate was set at 11.75% per annum.
The placement was arranged by BCS CIB, Gazprombank, Sinara Investment Bank, Tinkoff Bank, and Russian Agricultural Bank.
The funds raised are planned for refinancing and optimisation the Company's debt portfolio, as well as to be used in the Group’s investment activity.