15 May, 2017
O1 Properties Finance plans offering of USD 150 million of bonds

May 15. 2017. O1 Properties Finance will place USD 150 million of publicly traded bonds on the Moscow Stock Exchange. The unit par value is USD 1000 and have a term of four years. The issue is planned to be placed in May 2017. The issue is guaranteed by O1 Properties Ltd., which is among the largest owners of class-A office real estate in Moscow.

Tomasz Zamiara, Chief Financial Officer of O1 Properties: «Following the successful debut issue of USD denominated bonds on Moscow Exchange in February 2017 and visible continuing stabilization on forex market, the group decided to use the good momentum for further decrease cost of debt and issue, within approved bond programme, another portion of bonds which would be targeted to buy back existing Russian bonds with higher coupon and to renegotiate other debt terms».

View PDF