DDX Fitness Places 1.25 Billion Rubles Worth of Exchange-Traded Bonds

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DDX Fitness Issues ₽1.25 Billion Exchange-Traded Bonds

DDX Fitness has issued Series 001P-01 bonds worth ₽1.25 billion at face value.

The issuer sold 1.25 million bonds, each with a face value of ₽1,000, through an open subscription.

Maturity period: 2 years.

Coupon period: 30 days.

The coupon rate for the entire circulation period was set at 17.70% per annum based on the bids collected.

Initially, the guideline for the first coupon rate was set at no more than 20.00% per annum.

Arrangers of the placement: Alfa-Bank, Gazprombank, Sovcombank. Gazprombank acts as the placement agent.

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