Seligdar to offer 5-year exchange bonds in gold in MarchЦApril - 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

Seligdar to offer 5-year exchange bonds in gold in MarchЦApril

MOSCOW, Mar 21 (PRIME) Ц Gold producer Seligdar plans to offer 3 billion rubles of 5-year exchange bonds nominated in gold at the end of March or at the beginning of April, RussiaТs first such paper, Alexei Rudenko, vice president of Gazprombank and head of the bankТs department for the debt market instruments, said in an online conference on Tuesday.

УThis instrument will become the first issue of gold bonds in the history of the Russian market,Ф he said, adding that the guidance for quarterly coupons amounts to 5.5% annually.

УIt is planned that the bidding book will be collected at the end of March or the beginning of April, but I think that we will announce a definite date soon because we already have the issue documents registered.Ф

The company will offer the securities to a wide range of investors, not only to qualified investors, he added.

The face value of the bonds will amount to 1 gram of gold. Settlements will be based on the central bankТs official price for gold and be done in rubles.

Gazprombank, Sinara investment bank, and Russian Agricultural Bank will organize the offering.


21.03.2023 19:39
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