Santa Bremor will raise 150 million rubles through bonds. The securities will be placed via a closed sale to several Belarusian banks. The bond prospectus has been published on the Unified Financial Register.
A total of 1,500 securities will be issued, each with a nominal value of 100,000 rubles. The maturity period is 1,463 days, with redemption scheduled for 3 December 2029. The coupon rate is set at the refinancing rate of the National Bank, which currently stands at 9.75 percent per annum. The banks eligible to purchase the bonds include Alfa-Bank, Belgazprombank, Belarusbank, BelVEB Bank, Sber Bank, and Priorbank.
According to the prospectus, the company operates two production sites: one in Noginsk, Russia, and one in Brest, which includes five production units.
In 2024, Santa Bremor produced 184,000 tonnes of goods. In 2026–2028, the company plans to increase production volumes. This will involve acquiring new production lines for existing facilities, modernising current assets, and building a new production unit. The company expects output to reach 200,000 tonnes per year by 2028, with export markets expanding to Vietnam, Argentina, and Egypt. Two new warehouses are also planned.
“The planned activities (primarily the construction of a production unit and two warehouses) require substantial withdrawals of liquidity from the issuer’s current operations. Therefore, to ensure uninterrupted financing of the issuer’s day-to-day activities, the company intends to raise funds through a bond issuance,” the prospectus states.
By 2028, the company expects to increase revenue to 2.85 billion rubles and net profit to 473 million rubles.
In January–September of this year, Santa Bremor’s revenue grew by 18.3 percent to 1.74 billion rubles, while net profit decreased by 1.2 percent to 274.8 million rubles.
It is worth noting that another company in the group, Santa Retail, is also raising 85 million rubles through bonds with similar parameters, which will likewise be placed through a closed sale to a pool of banks.