"Elit Stroy to Hold Bond Subscription for 1 Billion Rubles on January 27"

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Elit Stroy to Launch Bond Offering of 1 Billion Rubles on January 27

Elit Stroy, a Russian construction company, plans to collect bids for its exchange-traded bonds (Series 002P-02) on January 27, 2023, from 11:00 to 15:00 Moscow time.

The technical placement of the bonds on the stock exchange is scheduled for January 30, 2026.

The planned issue volume is 1 billion rubles (approximately $13 million USD).

Each bond will have a face value of 1,000 rubles.

The coupon period is set at 30 days.

The bonds will have a circulation period of 1.5 years.

The initial coupon rate is expected to be no higher than 25.50% per annum, which corresponds to a yield to maturity of no more than 28.71% per annum.

Sovcombank will act as the organizer and placement agent for the bond issue.

This overview was prepared by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.