Important News

Renaissance Credit Issues ₽4bn Exchange Bonds

18 Feb 2021

Renaissance Credit placed an issue of uncertified exchange-traded bonds of БO-06 series by public debt offering for the total amount of RUB 4 billion.

Maturity of the bonds equals 5 years from the placement date, coupon period – 6 months. The bond issue envisages an offer option to bondholders which can be executed after 3 years from the placement date. Nominal value of one security equals 1000 roubles. The coupon rate until the offer date has been set as 8.15% per annum. 

Comment by Tatyana Khondru, First Deputy Chairman of the Management Board, Senior Vice-President for the Development of Retail and Investment Business at Renaissance Credit: “We had a positive feedback from the market and investors on our first placement in mid-December 2020: we are trusted as a reliable issuer. We have analyzed the demand and came to the conclusion that we can attract even more attention to a new issue. Bonds represent one of the most popular investment instruments with a moderate risk level. While for the bank they are a source of funding which allows to diversify the liabilities.”