"Digital Broker Issues $35 Million Worth of Exchange-Traded Bonds"

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Digital Broker places $35 million worth of exchange-traded bonds

The issuer sold 350,000 bonds with a face value of $100 each through an open subscription.

The bonds have a circulation period of 3.5 years and a coupon period of 90 days.

The coupon rate for the entire circulation period was set at 9.50% per annum based on the results of the order book collection. Initially, the rate guideline for the first coupon was not higher than 9.50% per annum.

Early redemption at the issuer’s discretion is possible on the dates of the end of the 4th and 8th coupon periods.

Bond settlements will be made in rubles according to the official exchange rate of the Central Bank of Russia: on the date of the purchase/sale transaction during placement; on the business day preceding the coupon payment / redemption date.

Reviewed by Alexey Grishchenko, Ph.D., 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.