Sberbank CIB Increases Bond Program Volume to 1.5 Trln Rubles

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Sberbank CIB Increases Bond Program Volume to 1.5 Trillion Rubles

On July 15, the Central Bank of Russia approved the state registration of amendments to the bond program series 001S (registration number 6-01793-A-001P dated November 23, 2023).

The maximum volume of the bond program has been increased from 500 billion rubles to 1.5 trillion rubles, or its equivalent in foreign currency, according to the issuer’s announcement.

Bonds under the program will be issued for terms up to 15 years.

The program is indefinite in duration.

This overview was presented 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.