"Auto Finance Bank Issues 10 Billion Rubles in Exchange-Traded Bonds"

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Auto Finance Bank Issues Exchange-Traded Bonds Worth 10 Billion Rubles

Auto Finance Bank has successfully issued exchange-traded bonds (series BO-001P-19) worth 10 billion rubles at face value.

The bank sold 10 million bonds, each with a face value of 1,000 rubles, through an open subscription. The bonds have a three-year maturity period.

The coupon period is 30 days.

The coupon rate for the entire term of the bonds was set at 14.20% per annum following the collection of bids.

Initially, the benchmark for the first coupon rate was set at no higher than 14.35% per annum, and the planned issue volume was no more than 10 billion rubles.

The placement organizers were Sovcombank and T-Bank. Sovcombank acted as the placement agent.

This overview was presented 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 (FAGU RF).