METCOMBANK’s Bonds Get on A1 List

31 August 2012 (10:22)

The bonds of Kamensk-Uralsky-based METCOMBANK (Series 01) were placed on MICEX’s A1 quotation list.

‘The fact that the bonds are now on the top quotation list will draw more attention to the bank’s securities and will allow us to considerably expand the number of our investors, including non-state retirement funds and insurers. The increased demand for our bonds will, in its turn, increase the securities’ liquidity,’ says METCOMBANK Chairman of the Supervisory Board Dmitri Torbenko.

The IPO of the 2bn-RUR bond issue took place on April 12, 2012. The bank launched its 3-year bonds through MICEX, with the demand for these securities greatly exceeding the supply.

‘Getting on A1 quotation list is evidence of METCOMBANK’s transparency and financial stability,’ Torbenko adds.

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