Seligdar will collect applications for the second issue of gold bonds on October 10
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Polymetallic holding “Seligdar” (MOEX: SELG) On October 10, it will collect applications for bonds of the GOLD02 series, the par value of which is tied to the cost of 1 gram of gold, with a circulation period of 6.23 years (2275 days). The preliminary volume of production is up to 250 kg of gold, the statement says. press release holding.
The collection of applications will last from 11:00 to 16:00 Moscow time. The reference coupon rate is 5.50% per annum. Technical placement of the first orders will take place on October 12 on the Moscow Exchange (MOEX: MOEX). The cash equivalent of the bond’s face value will be calculated in rubles based on the discount price of gold established by the Bank of Russia.
The accumulated coupon income is calculated based on the coupon rate, the number of days from the beginning of the coupon period, as well as the par value on the third day preceding the calculation date. The coupon period is 91 days.
The parameters of “golden” bonds of the GOLD02 series provide for amortization:
- 10% of the nominal value on the payment dates of the 11th, 12th, 15th, 16th coupons;
- 15% of the nominal value on the payment dates of the 22-25th coupons.
The duration of the issue will be 4.3 years.
The organizers are Gazprombank (MOEX: GAZP), Rosselkhozbank, as well as the Sinara investment bank.
Seligdar is one of the five largest companies in Russia in terms of gold reserves (272 tons as of 2022) and one of the five largest in the world in terms of tin reserves (405 thousand tons). In April, the company placed its first issue of bonds denominated in gold. The final volume of the placement amounted to more than 11 billion rubles, which was four times higher than the initially announced volume.
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