Softline plans to issue two series of exchange-traded bonds with a total volume of at least 3 ₽ billion. The offering includes series 002R-03 with a fixed coupon and series 002R-04 with a variable coupon linked to the Bank of Russia key rate plus a spread of up to 450 basis points.
The fixed coupon for series 002R-03 is set at a maximum of 18.50% per annum, with a yield not exceeding 20.15%. Both series feature a coupon period of 30 days for the first 38 periods and 21 days for the 39th period. The company intends to include these bonds in the high-tech sector list, offering tax benefits for long-term investors.
Gazprombank acts as the placement agent and organizer. The book-building process is scheduled for October 13, 2026, with the final placement expected on October 16, 2026. Softline currently holds an A-(RU) rating from ACRA and a ruA- rating from Expert RA, both assigned in 2026.
Financial results for the first half of 2026 show a 15% increase in turnover and a 27% growth in adjusted EBITDA year-on-year. The company aims to maintain a net debt to adjusted EBITDA ratio of no more than 2.0x by the end of 2026. Proceeds from the bond issuance will be used for debt refinancing and optimizing the company's debt structure.
