On December 28, 2024, Oil Resource Group LLC placed Series 001P-01 bonds in the amount of 1.5 billion rubles on the Moscow Exchange.
The circulation term of the securities will be 5 years. The coupon rate is set at 33% per annum, payable monthly. There is a call offer after the third and fourth year of circulation, i.e. the issuer will have the right to early redemption of own bonds without investor's consent. Partial early redemption of bonds is not planned.
The funds raised will be used to scale up operations in the wholesale supply of oil and petroleum products to foreign and domestic Russian markets, diversify the business and strengthen the logistics sector.
To date, the issue of exchange-traded bonds of Oil Resource Group for 1 billion rubles is in circulation. Due to the reliability of the group of companies, stable payments and high coupon rates, the bonds are in high demand from investors.
In November 2024, National Rating Agency LLC upgraded the credit rating of Oil Resource Group LLC to BB+|ru| on the national rating scale for the Russian Federation, with a stable outlook. The agency noted high receivables turnover, comfortable level of permanent capital, improved corporate governance and risk management, as well as transparent ownership structure and low dependence on major suppliers and customers.
Oil Resource is part of the Kirillitsa group of companies, specializing in wholesale supplies of oil and petroleum products, as well as agricultural grain products in Russia, CIS, South-East Asia and the Middle East.