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Sberbank to collect bids for 1 bln rbl structured bonds Jul 2–12 - PRIME

June 19, 2018 | Prime

Russia’s top bank Sberbank plans to collect bids for 1 billion rubles of 3-year structured exchange bonds from July 2 through July 12, as seen by PRIME in materials of the bank on Tuesday.

The issue carries one coupon period that equals maturity. The coupon has a fixed rate of 0.01% annually, and the issue encompasses an additional income tied to the NXS Bond Fund Stars ER index. The bank is to pay the additional income three times before the bonds mature.

The technical placement is scheduled for July 13.

Company: Sberbank

Full company nameSberbank of Russia
Country of riskRussia
Country of registrationRussia
IndustryBanks

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