Trade Management has set the 11th coupon rate for BO-P01 series bonds at 10.75%

Trade Management has set the 11th coupon rate for BO-P01 series bonds at 10.75%

Trade Management has set the 11th coupon rate for BO-P01 series bonds at 10.75%

Trade Management LLC has set the 11th coupon rate for BO-P01 series bonds at 10.75% per annum, the company said.

The company placed 4-year bonds in the amount of RUB 200 million in December 2019. The rate of the 1st coupon is set at 13% per annum, the rate of the 2nd to 5th coupons is equal to the rate of the 1st coupon.

Coupons for securities are paid monthly, rates of 1-48 coupons are determined according to the key rate of the Bank of Russia, in effect as of the seventh business day preceding the date of each period, plus a margin of 6.5%, while the maximum rate cannot exceed 14% per annum … The par value of the bonds is 10 thousand rubles.

The bonds have an amortized maturity structure: 10% of the par value will be paid every quarter, starting from the payment of the 21st coupon.

Also, the issuer has established the possibility of early redemption on the date of payment of the 24th coupon.

Moscow Exchange (MOEX: MOEX) on November 22, 2019 registered the company's 001P series bonds program up to RUB 2 billion inclusive. The program is assigned the identification number 4-00498-R-001P-02E. Under the 50-year program, bonds can be placed for up to 4 years. On December 2, the Exchange registered the BO-P01 issue under the number 4B02-01-00498-R-001P.

The company did not enter the debt market before.

According to the analytical system “SPARK-Interfax”, the company is engaged in the wholesale of textiles, clothing, footwear, leather and fur products.

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