"Red Soft Issues 450 Million Rubles in Bonds"

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Red Soft Issues 450 Million Rubles in Bonds

Red Soft, a Russian software company, has issued exchange-traded bonds (Series 002P-06) worth 450 million rubles at face value.

The issuer sold 450,000 bonds, each with a face value of 1,000 rubles, through an open subscription. The coupon period is 30 days.

The bonds will be in circulation for 2 years and 7 months.

Amortization payments for the nominal value of the bonds will be made in two installments: 45% on the date of the 20th coupon payment and 55% on the date of the 31st coupon payment.

The coupon rate for the entire circulation period was set at 16.75% per annum following the book-building process.

The placement was organized by Alfa Bank, Gazprombank, Rikom-Trust, and Sovcombank. Gazprombank acted as the placement agent.

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