Loans & bonds

Two months after its $1.2 billion IPO, Ozon prepares to issue $750 million worth of convertible bonds

February 19, 2021

Russian e-commerce major Ozon is to offer bonds worth $750 million (aggregate principal amount). These bonds will be issued “on or around Feb. 24, 2021,” with further listing on “an internationally recognized, regularly operating stock exchange.”  The company provided the following details on the offer: These are senior unsecured convertible bonds, which will be convertible into American Depositary …

Two months after its $1.2 billion IPO, Ozon prepares to issue $750 million worth of convertible bonds Read More

Amid explosive user growth, Telegram considers raising more than $1 billion in debt

January 18, 2021

Telegram now serves more than 500 million active users, its Russian co-founder Pavel Durov announced Tuesday. Twenty-five million new users joined  the platform in the previous 72 hours alone. “We’ve had surges of downloads before, throughout our seven-year history of protecting user privacy, but this time is different,” Durov emphasized. The surge comes as rival platform WhatsApp changed its …

Amid explosive user growth, Telegram considers raising more than $1 billion in debt Read More

Russian home cinema startup secures $5 million factoring loan to pursue international development

October 23, 2020

Russian home cinema startup Multibutik — also known as Cinemood — has secured a $5 million loan from factoring company GameBoost42.  Now headquartered in San Francisco, this startup is one of Russia’s most hyped international startup success stories. It has developed mini cinema projectors for children, including a cloud-connected one that can project content onto any surface.  Cinemood …

Russian home cinema startup secures $5 million factoring loan to pursue international development Read More

Naspers, Tencent and RDIF buy Mail.Ru’s GDRs and bonds

October 7, 2020

Russian sovereign wealth fund RDIF, China’s Tencent and Prosus (part of the Naspers Group), alongside other major strategic investors, have participated in Mail.Ru’s $600 million offering of global depository receipts (GDRs) and convertible bonds. The LSE-listed company will use the proceeds from the offering to develop, in particular, two joint ventures: O2O, which Mail.Ru launched …

Naspers, Tencent and RDIF buy Mail.Ru’s GDRs and bonds Read More

Russian online video platform ivi.ru secures giant venture loan from Alfa Bank

June 3, 2020

Russian online video major ivi.ru has attracted debt financing for the first time. As reported by business daily Vedomosti,  the company received a six-year venture loan from Alfa Bank, amounting to 3.7 billion rubles (some $54 million at the current exchange rate, a considerable sum by local standards).  In addition to the share collateral, the bank has been granted an …

Russian online video platform ivi.ru secures giant venture loan from Alfa Bank Read More

Sberbank combats COVID-19 with disinfection robots, AI-powered medical tests and giant e-commerce loan

November 12, 2020

Last week Sberbank, the Russian financial and tech behemoth, announced it created a disinfection robot “in the shortest time.” It is intended for use in any public place – from hospitals, to schools, to offices, to public transport. This robot – which is an adapted version of a delivery robot – can disinfect a room of 20 sq. …

Sberbank combats COVID-19 with disinfection robots, AI-powered medical tests and giant e-commerce loan Read More

EBRD provides rescue financing to Travelata and other Russian portfolio companies

April 10, 2020

The European Bank of Reconstruction and Development (EBRD) has provided finances to a Russian company for the first time in more than five years under its emergency coronavirus support fund. The EBRD stopped making active investments in the country in 2014, following Western sanctions stemming from the events in Ukraine and Crimea. The group has also wound …

EBRD provides rescue financing to Travelata and other Russian portfolio companies Read More

April 2019 in Eastern Europe and Central Asia: $150m for e-commerce, Elon Musk invited, Notre-Dame restored

May 15, 2019

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe and Central Asia. Since January 2019, EWDN chief editor Adrien Henni has offered a monthly column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. The April review highlights the …

April 2019 in Eastern Europe and Central Asia: $150m for e-commerce, Elon Musk invited, Notre-Dame restored Read More

Baring Vostok and Sistema provide $150 million convertible loan to Ozon

July 30, 2019

Baring Vostok, a major Moscow-based international PE firm, and Sistema, a large Russian conglomerate, have provided a 10 billion ruble (roughly $150 million) convertible loan to online retailer Ozon. The funds will help the company “maintain its current growth rate and to develop its warehouse infrastructure, IT-platfrom, marketplace and financial services offerings,” according to a …

Baring Vostok and Sistema provide $150 million convertible loan to Ozon Read More

Sberbank, NSD and MTS complete full-cycle bond deal on blockchain

November 28, 2018

Earlier this month Sberbank, Russia’s leading banking institution, and MTS, a major mobile operator, completed successfully a full-cycle security deal using smart contracts – from bond issue to full execution of the issuer’s obligations to the investor. The MTS commercial bonds were organized and purchased by Sberbank’s corporate and investment banking business.  Their nominal cost  – …

Sberbank, NSD and MTS complete full-cycle bond deal on blockchain Read More

China to provide up to $3 billion in loans to support Russian infrastructure and high-tech projects

November 6, 2017

Last week Russia’s Vnesheconombank (VEB) announced that it signed an agreement with the Export–Import Bank of China (China EximBank)  for an “up to $3 billion” framework line of credit. The two banks are owned by their respective governments. The agreement was signed in the presence of Russian Prime Minister Dmitry Medvedev and Li Keqiang, Premier …

China to provide up to $3 billion in loans to support Russian infrastructure and high-tech projects Read More

MegaFon and Raiffeisenbank complete first Blockchain bond placement in Russia

October 31, 2017

Earlier this month MegaFon, a major Russian mobile operator, announced the completion of a 500 million ruble (around $8.6 million) bond issue with Blockchain settlement. The entire issue was purchased by Raiffeisenbank. The system, which was developed in the course of this year, is intended for bond placement and circulation of digitized assets, making accounting …

MegaFon and Raiffeisenbank complete first Blockchain bond placement in Russia Read More

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