ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that on 16 September 2021, Leader-Invest (a subsidiary of Etalon Group) successfully closed the order book for bonds with a total nominal value of RUB 10 billion.
Investors were offered 5-year exchange-traded bonds with quarterly coupons and an amortised repayment schedule starting from the 12th coupon. The issue duration is 3.4 years. The technical placement of the bond issue is scheduled for 21 September 2021 on Moscow Exchange.
The organisers of this placement were AK Bars Bank, Alfa-Bank, BCS Global Markets, Veles Capital, VTB Capital, Gazprombank, Bank Derzhava, Bank Zenit, ITI Capital, UNIVER Capital, Russian Agricultural Bank, Raiffeisenbank, Region BC, SberCIB, Sinara Investment Bank, Solid IFC, Tinkoff Bank and Expobank. The placement agent was Bank Otkrytie.
Bookbuilding for the bonds took place on 16 September 2021. The placement attracted strong interest from investors: the total demand exceeded the initial planed volume by more than two times, which enabled the bond issue to be increased to RUB 10 billion from the initially announced amount of at least RUB 8 billion. At the close of the book, the interest rate for the entire duration of the bonds was set at 9.10% per annum. The proceeds from the placement will be used to expand the Company's project portfolio as part of the implementation of Etalon Group's business development strategy.
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 38 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.7 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 42 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2025 was RUB 318 billion.
In 2025, Etalon Group’s new contract sales totalled 671 ths sqm, or RUB 153.5 billion.
The Company’s revenue in 2025 amounted to RUB 154 billion, with EBITDA of RUB 31 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.