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Softline has successfully placed the 001P-04 series of stock obligations

The Order book for series 001P-04 stock obligations of SoftLine Trade JSC was closed on October 20, 2020. Investors were offered that stock obligations be issued with a circulation period of 3 years and 2 months, with a starting volume of 4 billion rubles, and provided with fixed quarterly coupons. The demand was almost double the supply, and amounted to 7,3 billions rubles. The final coupon rate was set at annual 8.9%; due to high demand, the company offered 4.95 billion rubles worth of stock obligations to the investors.

Softline Holding plc began trading under the brand name Noventiq after divesting part of its business in October 2022.

This is Softline's fourth issuance of stock obligations. The previous time, the company entered the debt market at the end of April. At that time, 1.35 billion rubles were placed for 2 years and 9 months at the rate of annual 11%.

Igor Borovikov, founder and Chairman of Softline Board of Directors: "This successful placement on the Russian debt market amidst the prevailing climate of uncertainty, has once again proved the highest level of investors' confidence in Softline's global business, and in our strong market position."

Artem Tarakanov, global CFO of Softline: "In this placement we saw a very high demand, not only from institutional investors, but also from private ones." This confirms the high quality of corporate management and ocmmunicatoin with the investment community, which allows us to raise funds on the most favorable terms."

In August, Expert RA rating agency increased the credit raiting of Axion Holding company (Softline Group's consolidating holding entity) to ruBBB+ level, with stable forecast. The increase in the rating, according to the agency, was caused by the high growth rate of Softline's operating indicators with stabile growth rates of IT services market in the countries where Softline has presence, as well as the due to synergic effect of past M&A transactions, and the stable start of operations by the newly acquired companies.

The technical placement of stock obligations is scheduled for October 23, 2020 using the trading and settlement system of the Moscow Stock Exchange.

Softline Trade JSC operates under the brand Softlane, and is the main operating company of the Axion Holding Cyprus Ltd group. Amortization is provided for the 001P-04 series of stock obligations issued: 25% of the face value will be redeemed on the final date of the 8th coupon period, while 75% of the face value will be redeemed on the date of the end of the 12th coupon period and the maturity of the issue. The issue was organized by; BCS Global Markets, Alfa-Bank, Gazprombank, FK Otkrytie Bank, Rosbank, Sovkombank and Tinkoff Bank. Coorganizer - ITI Capital.

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