Cherkizovo Group closes order book for RUB 6 bln BO-001P-04 series exchange-traded bonds

December 25, 2020

Moscow, Russia – December 24 – Cherkizovo Group (MOEX: GCHE) has successfully closed an order book for BО-001Р-04 series exchange-traded bonds with a total nominal value of RUB 6 bln maturing in 5 years. The proceeds will be used to refinance unsubsidized debt.

Industry leadership combined with Cherkizovo’s solid financial performance in 2020 have underpinned robust demand for the Company’s bonds from institutional and retail investors. The order book was almost twice oversubscribed, allowing the issuer to increase the issue size to RUB 6 bln, with the coupon rate at 6.40% p.a.

During the book-building process, Cherkizovo received over 30 bids from investors.

On December 25, 2020, the bonds will be placed on the Moscow Exchange.

The issue was arranged by Otkritie Bank, which also acted as a placement agent.

SOLID Investment and Financial Company was the co-arranger.

“This was our second successful bond placement in recent months. Strong investor appetite for the Company’s bonds speaks to their confidence in Cherkizovo’s performance and our ability to demonstrate consistent growth despite macro headwinds. We will use the proceeds to refinance our unsubsidized debt. We would like to thank the arrangers for their hard work and are also grateful to investors for their trust and interest in the Company's bonds,” said Ludmila Mikhaylova, CFO at Cherkizovo Group.