Sibsteklo completed the initial placement of the third bond issue

Dear colleagues, we are publishing news about the member of the Association "StekloSouz" of Russia, Siberian Glass LLC (“Sibsteklo”):

Over five trading days, within the framework of 2,167 transactions, Sibirskoe Steklo LLC (Sibsteklo, the largest manufacturer of glass containers outside the Urals) raised 300 million rubles.

Over five trading days, within the framework of 2,167 transactions, Sibirskoe Steklo LLC (Sibsteklo, the largest manufacturer of glass containers outside the Urals) raised 300 million rubles.

The issuer will use them to replenish working capital in order to carry out routine repairs and maintenance of equipment to further increase production. Sibstekl also needs to accumulate reserves of raw materials for uninterrupted supply of glass complexes and create reserves of glass containers in order to meet demand in the so-called high season (spring-summer), guaranteeing a sufficient level of sales.

Thanking investors for their trust, General Director of Sibstekla Anton Mor noted that the plant strives to manage material resources taking into account the specifics of the glass container business, which affects the production program, and therefore diversifies sources of financing, using instruments alternative to bank lending. In turn, this allows you to increase the company’s recognition in the investment community, strengthening the reputation of a conscientious borrower, thereby beginning multi-stage preparations for an IPO.

The placement of the Sibsteklo-BO-P04 issue (No. 4B02-04-00373-R-001P) took place by open subscription from October 19 to October 25. Moreover, on the first day, 79% of the issue volume (237 million) was purchased in 1,733 transactions. The size of the maximum request was 28.15 million rubles, the minimum (it is also the most popular) was equal to the face value of one security - 1 thousand rubles, the average was fixed at 138 thousand rubles. Currently, bonds are available at secondary trading using the ISIN code: RU000A107209.

Let us remind you that the circulation period of the bonds is 1,440 days; coupon yield rate is 17% per annum from coupon periods 1 to 18, then an irrevocable offer is assumed. The yield is 18.39%, the duration is estimated at 2.88 years. On the end dates of each of the 47 and 48 coupon periods, Sibsteklo will repay 50% of the nominal value of the bonds. Their liquidity will be ensured by the work of a market maker who maintains the balance of supply and demand. The organizer of the issue and underwriter is LLC Investment Company Uniservice Capital.

“Today, against the background of the high key rate of the Central Bank and investors’ fears associated with the continuation of the regulator’s strict monetary policy, the situation on the stock market remains quite difficult,” comments Alexander Pavlov, director of the DCM department of the investment company Uniservice Capital. – However, thanks to a number of factors, Sibsteklo was able to attract investments in a fairly short time. Firstly, two bond issues of the issuer are already in circulation for a total amount of 425 million rubles, and Sibsteklo has established itself as a reliable partner, fulfilling its obligations to bondholders on time and in full. Secondly, investors were again offered yields and a bond issue structure that were adequate to the market conditions. I am confident that the company will effectively use the proceeds from the placement and will continue its dynamic development.