On 11 March 2021, Retail Bel Finance LLC again placed bonds worth 3.5 billion roubles with a five-year maturity on MOEX, with BCS Global Markets acting as the lead arranger for a fourth time. The final coupon rate was set at 10.35% per annum, setting the yield to the four-year call option at 10.76% per annum. The new placement by Eurotorg in the Russian debt market has been welcomed by a broad spectrum of investors, with demand estimated more than 5.5 billion roubles. Russia’s rating agency Expert RА assigned a ‘ruA-’ rating according to the Russian credit ratings scale.
Retail Bel Finance is an issuer SPV that was set up to raise funds for Eurotorg LLC on the Russian territory and under Russian law. The company has tapped the Russian debt market for a third year running, increasing the total placement to 18.5 billion roubles.
Eurotorg (‘B-‘ from S&P, ‘B’ from Fitch, ‘byAAA’ from Expert RА) is the largest private company in the Republic of Belarus, and an absolute leader in food retail, more than five times ahead of its closest competitor. The company is represented by stores of different formats: convenience stores, supermarkets and hypermarkets. The Group also operates a major online food business, the biggest in terms of the number of orders in Eastern Europe.
It has recently come to our attention that some individuals in Estonia with whom we have no business relationship have received phone calls from an individual purporting to be a BCS GM employee and soliciting BCS GM investment services and investments. Please note that BCS GM does not maintain an office in Estonia. We also take no action to promote our services in Estonia through phone calls or otherwise. If you ever have any questions of whether a person contacting you is actually an employee of BCS GM, please do not hesitate to contact us at +44 20 7065 2161 or email at email@example.com
We also strongly recommend that you report any such cases to the national police.