O1 Properties Finance will issue commercial bonds

June 24, 2015. The investment company O1 Properties, one of the largest owners of class A office real estate in Moscow, will provide the guarantee to debut commercial bonds issue by O1 Properties Finance. The issue worth 15 bln rubles will be allocated in several tranches by open subscription at the Moscow Exchange in H2 2015. The maturity of the issue is 5 years.

At the present time the debut issue of classic bonds by O1 Properties Finance worth 6 bln rubles is already circulating. The issue of commercial bonds is aimed at refinancing of the company’s loan exposure and general corporate goals.

On June 18, the rating agency Expert RA assigned O1 Properties Finance the credit rating at the level of A+ (very high), second sublevel with stable forecast. Standard&Poor’s also assigned the B+ rating to the planned bond issue. Among the positive factors S&P and Expert RA experts noted the relatively high profitability and capital adequacy ratio and the high  quality of assets generating a stable cash flow.

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  1. O1 Properties Finance will issue commercial bonds 24 June 2015 Download PDF
  2. Net rental income of O1 Properties increased by 20% in 2014 up to 351 mln USD 16 June 2015 Download PDF