Source: Seligdar to offer 5-year exchange bonds in gold on April 4

MOSCOW, Mar 31 (PRIME) -- Gold producer Seligdar plans to offer up to 3 billion rubles of 5-year exchange bonds nominated in gold on April 4, a financial source told PRIME on Friday.

The guidance for quarterly coupons amounts to 5.5% annually.

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

Gazprombank, Sinara investment bank, and Russian Agricultural Bank will organize the offering. Technical placement is preliminarily slated for April 7.

(77.0863 rubles – U.S. $1)

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