Sberbank expands exchange-traded bond program, extends maturities

New York, Sept. 25 – Sberbank said it has increased the size of its exchange-traded bond program, extended the maturities and added additional currencies.

The overall nominal value of the program will now be the equivalent of RUB 612.4 billion, up from RUB 500 billion previously.

Bonds will be issued in dollars, euros and Swiss francs in addition to rubles, and the maximum maturity will be lengthened to 15 years from the current three years.

The bonds are sold as certificated non-convertible bearer bonds with mandatory central storage and trade on the Micex Stock Exchange.

Sberbank is a Moscow-based lender.

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