Segezha Group has announced the registration of the open-ended registration-exempt bond program worth 100 billion roubles. The open-ended registration-exempt bond program was registered on December 25, 2019 by Moscow Stock Exchange. The maximum nominal value sum of these bonds is 100 billion roubles or equivalent in foreign currency. Within this program the company can attract monies from the Russian market of debt capital by means of issuing registration-exempt bonds with the recoupment period of up to 10 years.
“Arranging the first issue of bonds is an important task for the Company. It gives us an opportunity to tell the investors about our business and our competitive advantages, and invite them to share in our success. The public debt market in the Russian Federation has been developing actively over the past several years. We monitor attentively the new opportunities, and expect some positive effect from diversification of our banking sources of funding through use of market instruments,” said Mikhail Shamolin, President and Chairman of the Board, Segezha Group.
