IBEC signed an agreement for Market Making of its bonds

On December 20, 2022 Market Making of IBEC ruble bonds of series 001Р-01 and series 001Р-02 began at the Moscow Exchange within the framework of the concluded trilateral agreement. The Market Maker of IBEC bonds is BANK SINARA.

The bond issue series 001Р-01 was subscribed in October 2019 for 3 years in the amount of 7 billion rubles. In accordance with the emission documents at the end of September 2022, the Bank set a new coupon rate of 10.25% per annum for one year (until the next put date on October 9, 2023) and as a result of completion of put option and subsequent secondary placement 3.8 billion rubles stayed in the market.

The issue series 001Р-02 was placed in June 2020 with the put date in June 2024. On December 12, the 5th coupon was paid in the amount of 154.6 million rubles. All IBEC obligations on bond issues are completed in full and on time.

The Bank also has a BGN 68 million (EUR 35 million) bond issue listed on the Bulgarian Stock Exchange. On December 1, 2022 IBEC paid the 3rd coupon.

“We understand that in the current turbulent market conditions, it is important not only to be a high-quality issuer with low credit risk, but also to minimize the risks of price volatility, which is especially important for financial reporting. Undoubtedly, the Market Making of IBEC ruble bonds will reduce this risk, as well as increase the liquidity of IBEC bonds,” – noted Denis Ivanov, Chairman of the IBEC Board.

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