Belarusian retailer Eurotorg has been named as the Most Impressive Debut Issuer in Emerging Markets, at an awards ceremony in London.
The retailer, which posted a 7.1% increase in like-for-like sales in its first quarter, was presented with the honour by GlobalCapital, a news, opinion and data service covering international capital markets.
Eurotorg successfully placed its debut Eurobond issue in October of 2017.
“In 2017 Eurotorg, the largest grocery retailer in Belarus, became the country’s first corporate Eurobond issuer,” said Andrei Zubkou, CEO of Eurotorg.
“This was an important step for our company and for the country as a whole. This award from GlobalCapital provides well-deserved recognition of our team’s hard work and highlights Belarus’ economic and investment potential.”
Zubkou added that he was “proud” that the investment community recognised Eurotorg’s debut in international capital markets, “and we will continue to leverage our unique market position to achieve future growth and communicate with the investment community in an open and transparent manner.
“We believe that our efforts will also help contribute to raising the attractiveness of Belarus as an investment destination.”
The award was presented at the 11th annual Bond Awards in London.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.