Delimobil places $9.8M of bond issue as free cash flow jumps 47%
What's the deal? DelimobilDealroom has a profile for this one. Try Dealroom →, the Russian car-sharing service, has placed 68% of a bond issue worth 850 million RUB (roughly $9.8 million), according to its corporate disclosure. The three-and-a-half-year bonds carry a monthly coupon of 22% a year.
Why now? Placement of the series 001P notes began on July 22. In August, the issuer raised the total planned volume from 1 billion to 1.25 billion RUB.
The numbers: Delimobil's free cash flow rose 47% to 3.8 billion RUB in the first half of 2026, while operating cash flow grew 36% year on year to 4 billion RUB. Interest coverage improved to 1.30x from 0.95x a year earlier, and operating profit climbed 56%. Net debt stood at 34.9 billion RUB at the end of the second quarter.
What's the endgame? On June 3, rating agency NKRDealroom has a profile for this one. Try Dealroom → assigned parent company PAO Karsharing RussiaDealroom has a profile for this one. Try Dealroom → a BBB+.ru credit rating with a stable outlook. NKR judged shareholder risks as low and rated corporate governance and operational risk management as better than the market average.
The signal: Tapping the debt market while cash flow and interest coverage strengthen points to a company leaning on its improving financials to fund growth without diluting equity after its public listing.
Image credit: Generated with Gemini
