Dom.RF doubles bond placement to 50 bln rubles

PJSC "Dom.RF" increased the volume of placement of two-year bonds series 002R-10 to 50 billion rubles from the previous 20 billion rubles.

Consensus

• Dom.RF increased the placement volume of two-year bonds from 20 billion to 50 million rubles.
• The subscription period for the bond issuance took place on August 12.
• The technical placement is scheduled for August 14.
• The bonds have a floating coupon rate based on the Central Bank's key rate plus a spread.
• Coupon payments are made monthly.
• The organizers of the issuance are Dom.RF and Alfa-Bank.
• The bond issuance is accessible to non-qualified investors after testing.

Points of divergence

• On June 22, the rating agency NKR assigned a non-credit rating of five stars to Dom.RF shares, indicating high growth potential. — vedomosti
• NKR forecasts that Dom.RF's net profit growth will slow from 37% annually (2023–2025) to 27% (2025–2027) and 21% (2025–2030). — vedomosti
• NKR forecasts that the group's return on equity (ROE) will reach 26% in 2031, then slow to the 2025 level of 22%. — vedomosti
• On August 2, Vedomosti reported that Dom.RF's closed-end real estate investment fund acquired the 'Obsidian' business center in Moscow on May 4 from Business Club. — vedomosti

Coverage (2 sources)

• «Dom.RF» increased the volume of placement of two-year bonds by 2.5 times — Коммерсантъ
• Dom.RF increased the volume of floaters placement from 20 billion to 50 billion rubles — Ведомости

Key entities

• Interfax
• PJSC "DOM.RF"
• U
• CB
• Russia
• DOM.RF