EKF is issuing $ 11,5 mln bonds on the Moscow Exchang

MOSCOW, 29 June 2023 – EKF, manufacturer and supplier of electrical equipment and derived solutions announces the initial public offer (IPO) with volume of 1 000 000 rubbles. It will allow the company to take a high position in the general ranking of Russian bond issuers for the third quarter of 2023.

EKF reveals initial parameters of book building procedure: the bonded loan issued for a three-year period, annual return on coupon is 12,3%. The coupon period is 3 months. Preliminary placement date - July 5th.

Among factors of investment attractiveness – EKF is the company with 100% growth for the last 2 years developing Russian manufacture. On April 13th 2023, ACRA raised the EKF's credit rating to investment level BBB (RU). With in-house R&D, the company is a backbone enterprise for domestic power engineering, electrical and cable industry. EKF is present in 20 countries, adheres to the principles of sustainable development and ESG and promotes eco-friendly lifestyle.

We will use the raised funds at boosting and modernization of the production, new developments and expansion of production capacity, R&D improvement, implementation of digital tools, and launching of the latest demanded solutions.

"The EKF strategy involves ensuring readiness to go public, we have been moving towards this goal since 2021. At this moment, we are targeting at increase in production capacity in the Russian Federation. With the anticipated bond issue, we can increase borrowed capital and profits, improve transparency of corporate management and all business processes for investors and shareholders. By 2031, we are going to increase company's revenue to 100 bln rubbles per year", - reports Lyubov Belyaeva, EKF CFO.