Sberbank announces closing a book for its series 001P-04R exchange-traded bonds issue worth RUB 25 bn
28 February 2018, Moscow - Today Sberbank closed a book for its series 001P-04R exchange-traded bonds issue.
The coupon rate was set at 6.90% p.a. The maturity of bonds is three and a half years from placement date. Sberbank CIB together with Gazprombank and Russian Agricultural Bank acted as Arrangers. The book was oversubscribed by over 50%.
Alexander Morozov, Deputy Chairman of the Executive Board of Sberbank: "This is the first time on the ruble market when corporate bonds issue with the coupon rate lower than 7% was placed. The steady demand from institutional and retail customers proves great interest in Sberbank's investment products."
The technical placement of exchange-traded bonds is scheduled for 2 March 2018 on Moscow Exchange.