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RED SOFT, a Russian IT company, announced redemption of bonds of the second issue with a total nominal value of 100 million rubles under the program registered by the Moscow Exchange on May 07, 2018.
The securities were traded on the Moscow Exchange for two years, from 16.05.2019 to 13.05.2021. Investors had the opportunity to receive a coupon yield on each exchange bond equal to 13.5 percent per annum, with coupon income paid quarterly. Based on the successful results of the previous three issues, RED SOFT is planning to launch a new bond issue with a total par value of 100 million rubles. The estimated coupon rate will be between 10.5% and 11.5% and the circulation term will be 3 years.
"We adhere to clear rules of fulfilling financial liabilities, as we understand that it directly affects the reputation of the company not only among investors, but also on the market in general. Thanks to the funds raised, we are expanding the staff of developers, strengthening marketing, and funding the research. As a result, even during the economic crisis the company managed to increase its revenue, and all obligations to investors and contractors were met on time and in full. We plan to continue using bond instruments to finance the operations and development of the company", Maxim Anisimov, RED SOFT CEO, commented.
To get more information about the participation in the initial placement please visit: https://analytic.ricom.ru/bonds/red-soft.html
