Detsky Mir Announces Book Closing of Exchange-Traded Bonds of RUB 3 bn with a 7% Coupon Rate

Moscow, Russia, 29 April 2020 – Detsky Mir PJSC (“Detsky Mir”, “the Group” or “the Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer, announces the successful book closing of its series BО-06 exchange-traded bond issue with a nominal value of RUB 3 bn and a coupon rate set at 7.0% p.a.

Transaction Details

• On April 28, 2020, Detsky Mir PJSC opened order book for the RUB 3 bn Series BO-06 bond issue with the initial price guidance of 7.00-7.25% p.a.
• The final coupon rate was set at 7.0% p.a.
• The put option — 3 years. 
• The settlement of the bond is scheduled on May 7, 2020 at PJSC Moscow Exchange. Bank Derzhava, Solid Invest, MKB, MTS Bank, Sberbank CIB acted as lead underwriters of the transaction. Gazprombank will act as a placement agent.

For additional information:

Detsky Mir Group (MOEX: DSKY) is a multi-format retailer and Russia’s largest specialized children’s goods retailer. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the ELC (Early Learning Centre in Russia) and the ABC retail chains, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 772 Detsky Mir stores located in 297 cities in Russia, Kazakhstan and Belarus, five Detmir Pickup stores, as well as 46 ELC, 12 ABC and eleven Zoozavr stores as of 31 March 2020. Total selling space was approximately 847,000 square meters

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: PJSFC Sistema[1]  – 33.38%, Russia-China Investment Fund (RCIF) [2] – 9.0%, free-float – 57.62%. 

Lear more at www.detmir.ru, elc-russia.ru, ir.detmir.ru

(1) Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, children’s goods retail, paper and packaging, healthcare services, agriculture, high technology, banking, real estate, pharmaceuticals and hospitality.

(2) RCIF, an equity fund established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), holds its stake in PJSC Detsky Mir through its funds: Floette Holdings Limited and Exarzo Holdings Limited.