Microfinance Company "BystroMoney" to Place 300 Million Rubles Bonds on May 8

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Microfinance Company "Bystrodengi" to Launch 300 Million Ruble Bond Issue on May 8

On May 8, the microfinance company "Bystrodengi" will begin placing exchange-traded bonds (series 003P-02).

The issuer plans to place 300,000 bonds, each with a nominal value of 1,000 rubles, through a private placement among qualified investors.

The total nominal value of the issue is 300 million rubles.

The bonds will have a circulation period of 4 years.

The coupon period is 30 days.

Amortization of the nominal value will be carried out in parts: 8.33% in the dates of payments 37-47 coupons, and 8.37% on the redemption date.

The coupon rate for the entire circulation period is set at 22.25% per annum.

The bonds allow for early redemption at the discretion of the issuer on the date of the end of the 24th coupon period.

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.