RED SOFT, a Russian IT company, announced the repayment of its first bond issue with a total par value of RUB 100,000,000 under a program registered on the Moscow Stock Exchange on 07 May 2018.
Securities have been circulating at the Moscow Stock Exchange for two years, from 14.05.2018 to 11.05.2020. Investors had an opportunity to receive the coupon yield on each exchange bond equal to 14 percent per annum, thus the coupon yield was paid out quarterly.
The successful results of the first issue allowed RED SOFT to register a new bond program with a total par value of 1,000,000,000 roubles.
"Timely fulfillment of financial undertakings is an indicator of company maturity. RED SOFT managed to raise funds for the development and upgrading of its products, which allowed it not only to improve these products, but also to sell them efficiently. Investors fully received the expected income. We plan to further develop the bond financial instrument through a new program", Maxim Anisimov, RED SOFT CEO, commented.