UBRD Eurobonds Hit MICEX

19 February 2016 (09:26)

UrBC, Yekaterinburg, February 19, 2016. Starting from February 8, the Moscow Interbank Currency Exchange is going to trade in the Ural Bank for Reconstruction & Development’s Eurobonds issued by UBRD Capital Limited, the MICEX press service reports.

The coupon yield on the bonds in circulation is estimated at 12%, with bi-annual payoffs. This year, payments will be made on June 27 and December 27, with $60 off every $1,000 invested in the bonds. The smallest lots available for trading come for $1,000.

‘It is only relatively recently that MICEX started dealing in Eurobonds that come from Russian issuers, which measure definitely made these bonds more easily available for investors. A rather modest entry limit is one of the supporting factors: one normally needs to buy at least $200,000 worth of bonds to start trading on international platforms, while MICEX only requires a $1,000 lot for a start. Besides, the Eurobonds available at MICEX are meant for all investor types and not only for professionals, as is the case with the over-the-counter market. This means issuers get a chance to attract more investors, whereas investors, no matter how big or small their resources are, can count on a high, guaranteed return,’ says the URBD’s Financial Market Director Vladimir Zotov.

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