UBRD securities get on MICEX top quotation list
6 August 2014 (12:55)
August 6, 2014. The securities issued by the Ural Bank for Reconstruction and Development (UBRD) were promoted to MICEX first-level quotation list, the bank’s press service reports.
On August 6, 2014, the bank’s BO 1, BO 05, and BO 08 bonds will be transferred from the second- to the first-level MICEX Quotation List. The fact that the bonds were promoted in this way proves the company’s great reliability, financial stability, and managerial transparency.
It’s worth noting that the UBRD’s bonds will also be features in the stock exchange’s updated list that was compiled in accordance with the new listing regulations in June 2014. The new regulations, for one, imposed higher requirements on a business’s corporate governance; for example, in order to get on the first-level list, an issuer must provide a financial report (based on the IAS) for the last three years and needs to have a credit rating.
On August 6, 2014, the bank’s BO 1, BO 05, and BO 08 bonds will be transferred from the second- to the first-level MICEX Quotation List. The fact that the bonds were promoted in this way proves the company’s great reliability, financial stability, and managerial transparency.
It’s worth noting that the UBRD’s bonds will also be features in the stock exchange’s updated list that was compiled in accordance with the new listing regulations in June 2014. The new regulations, for one, imposed higher requirements on a business’s corporate governance; for example, in order to get on the first-level list, an issuer must provide a financial report (based on the IAS) for the last three years and needs to have a credit rating.
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