Expert RA assigns “ruA-” credit rating to O`KEY Finance LLC bonds

O`KEY Group S.A. (LSE, MOEX: OKEY; the “Group” or the “Company”), one of Russia’s largest food retailers, announces that Expert RA has assigned a “ruA-” credit rating to the 001P-01 series bonds issued by the Group’s subsidiary O`KEY Finance LLC.

All materials published by the Group are available on its website at www.okeygroup.lu.

The 001P-01 series exchange-traded bonds were admitted to trading on the Moscow Exchange on 14 November 2022.

The bonds, which raised a record-high for the Group RUB 8.5 bn, have a nominal value of RUB 1,000 each and maturity of ten years from the date of placement, with a put option exercisable in three and a half years. The coupon rate was set at 11.50% per annum. O`KEY Finance LLC’s securities have met the requirements for inclusion in the Moscow Exchange’s Level 3 List.

The placement was arranged by BCS Global Markets, Gazprombank, Sinara Investment Bank, Credit Bank of Moscow, and Russian Agricultural Bank.

The funds raised will be used for refinancing and further optimisation of the Group’s existing credit portfolio.