On July 26, 2022 MV FINANCE LLC placed a third bond issue worth 5 billion rubles on MOEX, with BCS Global Markets acting as the Arranger. While the first coupon rate target was 12.60% per annum, the final coupon rate was set at 12.35% per annum (effective yield to maturity at 12.93% per annum). With a maturity of three years, the issue is classified as an eligible investment option for pension savings and insurance reserves, with a credit rating of ‘'A+(RU)’ from the Russian credit agency ACRA.
MV FINANCE LLC is a subsidiary of M.Video PJSC that has been established for the bond issue.
M.Video PJSC ("A+(RU)" by ACRA; "ruA+" by Expert RA), or M.Video-Eldorado Group, is Russia’s largest electronics and home appliances retailer, with 20 million active customers. The Group is represented by two brands, M.Video and Eldorado. According to the 2021 financial report, its revenue (excluding VAT) totalled RUB 476.4 billion, with EBITDA at RUB 27.5 billion, and a net profit of RUB 8.6 billion.