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.

End

21.03.2023 19:39
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 104.3024 +0.2403 05 oct
USD 99.4555 +0.1878 05 oct
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3154.97 +0.35 18:50 04 oct
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 165.50 -0.75 18:27 04 oct
lkoh 6740.00 -0.21 18:27 04 oct
rosn 543.10 +0.78 18:27 04 oct
sber 258.85 -0.31 18:27 04 oct
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 104.1000 +0.3475 14:59 04 oct
USDTD 99.6875 +0.4300 17:44 04 oct