Sovcombank Places Exchange-Traded Bonds Worth 5 Billion Rubles

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Sovcombank issues 5 billion rubles worth of exchange-traded bonds

Sovcombank has successfully placed 5 billion rubles worth of exchange-traded bonds (Series 003P-02) at their nominal value.

The issuer sold 5 million bonds, each with a nominal value of 1,000 rubles, through an open subscription process.

The bonds have a maturity period of 3 years and a coupon period of 30 days.

The coupon rate for the entire term of the bonds was set at 13.60% per annum following the collection of bids.

The placement agent for this issue is Sovcombank itself.

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.