The first high-yield bond issue of carsharing Delimobil was worse than expected: of the planned 3 billion rubles, the company was able to receive four times less – only 676.4 million rubles, reports Vedomosti citing data from Carsharing Russia LLC.
The main demand was not provided by institutional investors, but by retailers: more than 6 thousand people bought the paper.
The coupon rate is set at 13% per year, which corresponds to a yield to maturity of 13.65% per year. Quarterly coupons. The placement was organized by Gazprombank and Tinkoff Bank. The 50 billion ruble bond program was registered by the Moscow Stock Exchange on July 6.
The amount received is sufficient to achieve the set goals, a Delimobil representative told Vedomosti. The company was going to use the money to replenish the fleet, the development of operating infrastructure, including car service stations, and regional expansion.
In June, another sharing economy player, electric scooter rental service Whoosh, also raised money for the first time through a bond issue. The company managed to close the order book for the first issue of listed bonds in the amount of 3.5 billion rubles with a rate of 13.5% and a maturity of three years.
Author:
anastasia mariana
Source: RB
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