In June 2025, the company issued bonds worth 10 billion rubles with…
In June 2025, the company issued bonds worth 10 billion rubles with a maturity date of 2028 and a coupon rate of 18% per annum.
Consensus
- Positive Technologies plans to issue bonds worth 5 billion rubles.
- The coupon rate will be floating, based on the Central Bank's key rate with a 1.5–2 percentage point premium.
- The bond issuance term is 930 days (2.5 years).
- Subscription for investors will be open on August 7.
- Both institutional and retail investors can participate.
- Applications will be submitted through major banks and brokerage companies.
- The company previously issued bonds worth 10 billion rubles in June 2025.
Points of divergence
- The coupon rate is expected to be the Central Bank's key rate plus a 1.5–2 percentage point markup. — kommersant
- The company's operational director, Andrey Kuzin, stated that current market conditions allow for favorable bond placement terms. — vedomosti
- Positive Technologies has two active credit ratings: AKRA confirmed AA– (RU) with a positive outlook in March 2026, and Expert-RA confirmed ruAA with a stable outlook in June 2026. — vedomosti
- In 2025, the company's revenue under IFRS was 30.9 billion rubles, a 26% increase from the previous year, and paid shipments reached 33.6 billion rubles, up 40% year-on-year. — vedomosti
- The company achieved positive net income from management (NIC) of 2.7 billion rubles in 2025 after a loss in the prior period. — vedomosti
Coverage (2 sources)
- Positive Technologies is preparing the placement of bonds worth 5 billion rubles — Коммерсантъ
- Positive Technologies plans to place a new issue of exchange bonds — Ведомости