VTB Plc Places One-Day Bonds Worth 100 Bln Rubles With Yield of 13.14%

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VTB PJSC issues one-day bonds worth RUB 100 billion with a yield of 13.14% per annum.

VTB Bank is issuing one-day bonds (Series KS-4-1259) worth RUB 100 billion at a price of 99.9640% of their nominal value, corresponding to a yield to maturity of 13.14% per annum.

The issue price of the bonds is set at RUB 999.64 per bond.

The bond issue is conducted under the fourth program of exchange-traded bonds with a total nominal value of up to RUB 90 trillion.

The short-term exchange-traded bond issuance program involves the daily placement of securities on the Moscow Exchange at a pre-announced price.

Placements are carried out on a working day after the close of the interbank market (MIBOR). The bonds are redeemed on the next working day at 12:00 noon.

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.