Group "M. Video-Eldorado announced the full repayment of MV Finance LLC (a subsidiary of P JSC M.video ) of exchange-traded bonds series 001Р-02 in the amount of 9 billion rubles at the expense of its own operating funds. In addition, MV Finance LLC paid bondholders income for the twelfth coupon period in the amount of 181,710,000.00 rubles at the rate of 20.19 rubles per bond.
Photo: Stankovskaya V./Retail.ru
In total, as part of the placement of exchange-traded bonds under the exchange-traded bond program of series 001P, including the current payment, the company paid bondholders about 25.6 billion rubles. Payments were made due to positive operating flow, without attracting borrowed funds from the market.
The company still has two bond issues in circulation – 001Р-03 for 5 billion rubles and 001Р-04 for 7 billion rubles. The issues were placed within the framework of a ten-year program of exchange-traded bonds of series 001Р with a volume of up to 50 billion rubles, registered in March 2021.
“In 2023, our company achieved strong results, confirming the sustainability and efficiency of the updated business model . We also started Q1 2024 with double-digit GMV growth. Thanks to improved operating performance, Net debt/EBITDA at the end of Q1 2024 is at a moderate level, significantly lower than for the comparable period in 2023, and we expect it to further decline by the end of 2024. On April 18, we announced the full repayment of exchange-traded bonds of series 001Р-01 in the amount of 4.2 billion rubles, and on August 7 – the full repayment of exchange-traded bonds of series 001Р-02 in the amount of 9 billion rubles. Both repayments took place at the expense of our own operating funds,” said the financial director of the M. Video Eldorado » Anna Garmanova.
Let us recall that on April 18, MV Finance LLC (a subsidiary of M.video PJSC) announced the full repayment of exchange-traded bonds series 001R-01 in the amount of 4.2 billion rubles, also at the expense of its own operating funds. In addition, MV Finance LLC paid bondholders income for the sixth coupon period in the amount of 231,741,140.30 rubles at the rate of 54.85 rubles per bond.
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