Alfa-Bank issues $17 mln bonds pegged to robotics index - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Alfa-Bank issues $17 mln bonds pegged to robotics index

MOSCOW, Apr 10 (PRIME) -- RussiaТs Alfa-Bank has placed U.S. $17 million of 3.5-year exchange structured bonds pegged to the index of artificial intelligence, automation, and robotics companies provided by Societe Generale, as seen by PRIME in materials of the bank on Tuesday.

In March, Denis Anoshin, director for structured products at Alfa-Bank, told PRIME that the bank planned to collect bids or U.S. $30Ц50 million of the exchange structured bonds from March 20 through April 10.

The issue should carry three coupons Ц in a year since the placement date, in two years, and at maturity. Historical data allowed the bank to set 8% as the target yield. But it is pegged to the index, the fixed rate will be 0.01%, Anoshin said then.

End

10.04.2018 19:32
 
 
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