M.Video-Eldorado Group, Russia’s leading e-commerce and consumer electronics retailer (MOEX: MVID), announces successful closing of book-building for placement of the fifth issue of exchange bonds. The total placement volume amounts to RUB 3.75 billion. ACRA rating agency assigned a rating of А(Ru) to the bond issue.
The funds raised during the placement will be spent for general corporate goals of the Group. Bonds are placed as part of the program of exchange bonds of the series 001Р with a volume of up to RUB 50 billion registered in March 2021. As a result of the held placement, now the company has three issues of exchange bonds in circulation.
Organizers of the issue were Investbank Sinara and Gazprombank.
The issuer of ruble bonds of the series 001Р-05 with a maturity period of 2 years is LLC “MV FINANCE”, 100% affiliate to PJSC “M.Video”.
Group’s financial stability is affirmed by credit ratings of Russian rating agencies: A(RU) “Positive” by ACRA and ruA “Stable” by Expert RA.