Etalon Group Announces Order Book Closed for Leader-Invest Bonds

17 September 2021

ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that on 16 September 2021, Leader-Invest (a subsidiary of Etalon Group) successfully closed the order book for bonds with a total nominal value of RUB 10 billion.

Investors were offered 5-year exchange-traded bonds with quarterly coupons and an amortised repayment schedule starting from the 12th coupon. The issue duration is 3.4 years. The technical placement of the bond issue is scheduled for 21 September 2021 on Moscow Exchange.

The organisers of this placement were AK Bars Bank, Alfa-Bank, BCS Global Markets, Veles Capital, VTB Capital, Gazprombank, Bank Derzhava, Bank Zenit, ITI Capital, UNIVER Capital, Russian Agricultural Bank, Raiffeisenbank, Region BC, SberCIB, Sinara Investment Bank, Solid IFC, Tinkoff Bank and Expobank. The placement agent was Bank Otkrytie.

Bookbuilding for the bonds took place on 16 September 2021. The placement attracted strong interest from investors: the total demand exceeded the initial planed volume by more than two times, which enabled the bond issue to be increased to RUB 10 billion from the initially announced amount of at least RUB 8 billion. At the close of the book, the interest rate for the entire duration of the bonds was set at 9.10% per annum. The proceeds from the placement will be used to expand the Company's project portfolio as part of the implementation of Etalon Group's business development strategy.

This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/.

Contact Information

Etalon Group IR Team

T: +44 20 8123 1328
E: ir@etalongroup.com

EM

Sam VanDerlip
T: +44 207 002 7859
E: vanderlip@em-comms.com

About Etalon Group

Founded in 1987, Etalon Group is one of the largest development and construction companies in Russia. The Company focuses on middle class residential real estate in the Moscow and St Petersburg metropolitan areas. With a more than 30-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry. Since its foundation, Etalon Group has delivered 7.5 million sqm of real estate.

Thanks to its integrated business model, Etalon Group is able to create added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs over 4,600 people, and its nationwide sales and marketing network covers 59 Russian cities.

Etalon Group’s total assets comprise 20 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 2.8 million sqm, as well as a construction and maintenance division. Colliers International valued the Company’s total assets at RUB 204 billion as of 31 December 2020.

In 2020, Etalon Group’s new contract sales totalled 538 ths sqm, or RUB 79.9 billion. Deliveries in 2020 amounted to 540 ths sqm.

The Company’s revenue in 2020 amounted to RUB 78.7 billion, with EBITDA of RUB 12.6 billion.

Etalon Group’s GDRs have traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 quotation list of Moscow Exchange since 31 January 2020 under the ticker ETLN.