SME Bank has collected applications for bonds worth 7.5 billion rubles

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13:22; 19 September 2024 year
ООО Региональные новости

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«SME Bank» has collected applications for bonds worth 7.5 billion rubles.

Based on the results of the collection of applications, the Bank set a premium to the key rate of the Bank of Russia in the amount of 2.75% for bonds of the 001P-02 series.

The 1st coupon rate is set at 21.75% per annum.

The rate of the 2nd-24th coupons is defined as the value of the key rate of the Bank of Russia as of the 5th business day preceding the start date of the corresponding coupon period, + premium. Initially, the spread benchmark was at a level not higher than 300 bp.

The technical placement of bonds on the MICEX is scheduled for September 20, 2024.

The volume of the placement was increased to 7.5 billion rubles.

The nominal value of one security of the issue is 1000 rubles.

The circulation period is 5 years, the offer is issued in 2 years.

The coupon period is 30 days.

The organizer is Sovcombank.

Issue bonds are placed under the 001P series program with a volume of up to 50 billion rubles inclusive or the equivalent of this amount in foreign currency.

The review was presented by Yulia Grishchenko, member of the Expert Council of the Moscow Stock Exchange on Listing, Ph.D. in Economics, Head of the Department of Financial and Investment Management of the Faculty of the Higher School of Management of the Financial University under the Government of the Russian Federation.