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24/04/2020

Softline Trade JSC successfully places series 001Р-03 exchange-traded bonds

Softline Trade JSC has successfully placed series 001Р-03 exchange-traded bonds in the amount of 1.35 billion rubles. The bond term is 2 years and 9 months and the coupon rate is 11%.

On April 17, 2020, Softline Trade JSC (the main operating company of Axion Holding Cyprus Ltd.) closed an order book for series 001Р-03 exchange-traded bonds within the framework of exchange-traded bond program 45848-H-001P-02E d/d August 24, 2017.

The bonds attracted a large number of investors, including banks, managing companies, and private investors.

The technical placement of the bonds took place on April 23, 2020, on Moscow Exchange. Gazprombank was the bookrunner.

"In the current market situation, successful bond placement proves the high trust of investors in our business. The coronavirus infection has caused unprecedented business constraints in almost all regions of Softline operations, but nevertheless, the demand for our solutions remains high, and the revenue in some segments, like solutions for remote work, has grown by several times. We are confident that the deferred demand for hardware created now will sustain our sales in Q3–Q4 2020 and help us fulfil our growth plans,"—says Artem Tarakanov, Global CFO, Softline.

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