Eurotorg snapshot

Undisputed market leader which has an effective and proven business model
  • The largest private company in Belarus1. The leading grocery retail chain.
  • The undisputed leader in the Belarusian grocery retail market by any possible measure of comparison: whether market share, number of stores, selling space, geographical coverage, brand awareness or customer loyalty.
  • The only nationwide scale retailer with presence in 357 cities and towns2, and the only operator of modern retail formats in more than 180 of them.
  • Major contributor to national food security, accounting for up to 40% of total food sales nationwide in some major product categories (fruits, cereals, edible oils, etc.).
No. 1

retailer in Belarus

~3x

larger than #2 player

~13%

of population visit our stores on a daily basis

1,139

number of grocery stores2

Credible partner for international investors
  • Еurotorg is the first and the only Belarusian corporate Eurobond issuer, as well as the first ever Belarusian non-financial company to receive international credit ratings.
  • In 2018, the first Eurobond issue was named “Most Impressive Debut Issuer in Emerging Markets” by GlobalCapital, a leading news, opinion and data service covering international capital markets.
  • Spotless reputation: over half of investors who showed interest in the new Eurobond issue in October, 2020 were holders of the Company’s first Eurobond issue.
  • Eurotorg’s credit profile is stable: Fitch and S&P Global Ratings have been assigning global scale long-term ratings to the Company since 2017. In December 2022 S&P Global Ratings withdraws Eurotorg’s credit ratings at the Сompany's request .
USD 350 mn (redeemed in 2020)

size of the country’s first ever corporate Eurobond issue

USD 300 mn

new Eurobond issue aimed at early redemption of the first issue

B-(Fitch)

corporate ratings in 2024

The first non-Russian company which placed RUB bonds
  • In 2019, the Company successfully placed two bond issues totalling RUB 10 bn and signed a RUB 3.5 bn syndicated loan facility agreement with the key Russian banks. Eurotorg RUB bond named “debut of the year” at Cbonds Awards.
  • In 2019, Eurotorg became the first non-Russian company to be assigned a credit rating by a Russian credit ratings agency.
  • In 1H 2020, a Eurotorg’s multi-currency bond programme was registered on Moscow Exchange.
  • At the beginning of 2021, the Company continued to implement its strategy of proactive debt portfolio management and successfully placed a new RUB-bond issue.
RUB 10 bn

total size of the debut issue of RUB bonds

RUB 5 bn

first tranche under Eurotorg’s multi-currency bond programme

RUB 3.5 bn

new issue of RUB bonds, 2021

RuА-/ByAAA (Expert RA)

corporate rating in 2024

Note
1) by number of employees in 2019
2) as of 31 December 2023