UBRD to Issue 10bn RUR Worth of Bonds

14 September 2011 (11:43)

The bonds of the Ural Bank for Reconstruction & Development (totaling to 10bn RUR) can now be traded at MICEX. The bank intends to launch the BO-01 and BO-02 bonds (each series is worth 2bn RUR) and BO-03 and BO-04 bonds (each series is worth 3bn RUR) via public subscription. The bonds will be in circulation for three years, with six semiannual coupons.

The funds thus obtained will be directed to financing the bank’s primary activity and to diversifying its resource base.

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