Media

Gazprombank and Seligdar Polymetallic Holding conducted a tree-planting event to commemorate bond issue – “green tombstone”. At the event held in the Khodynskoye polye park (Khodynka Field) in Moscow, a mature oak tree was planted to commemorate a debut issue of Seligdar’s gold bonds (GOLD1, GOLD2), where the Bank acted as the lead manager.

The height of the planted oak tree is 5.5 meters, age at the moment of planting, 25 years. The average lifespan of an oak tree is 200 years but can reach 350-400 years. The oak tree was planted near cedar shrubs planted earlier to commemorate bonds in Chinese yuan issued with participation of Gazprombank.

At the event, welcome words were given by the Head of capital markets department of Gazprombank Denis Shulakov and Chairman of the Board of Directors of Seligdar PJSC Aleksandr Khrushch. The event was also attended by an independent investor and asset manager Alan Dzarasov, representatives of Gazprombank and Seligdar PJSC as well as children of Seligdar employees accompanied by their parents.

There is a tradition to use a “tombstone” (a desktop plastic souvenir) as a symbol to emphasize the importance of a deal and to save memory of an event. The Gazprombank’s initiative is to make a symbol of a completed transaction at the Russian capital market not an item made from a hard-to-recycle material but a live tree – “green tombstone” that can benefit ecology and please the city’s citizens and guests. Earlier, the Bank made two tree plantings in Saint Petersburg and Moscow.

‘Today, together with Seligdar we introduce again a “green tombstone” in our city, a live sign to commemorate a debut placement of gold bonds. An oak tree as a symbol of stability and longevity and gold as a stable investment instrument will compose, I hope, a first link of a long chain of sustainable development of a company, city, and the country’, noted Head of capital markets department of Gazprombank Denis Shulakov.

‘It is gratifying that our children participated in the oak-tree-planting event, it reflects Seligdar’s values and its mission to work for the prosperity of future generations and the country. That is the reason why we developed an innovative future-oriented financial instrument to save money in gold. It provides a stable savings growth without expenses associated with investments in physical gold and impersonal metal accounts’, emphasized Chairman of the Board of Directors of Seligdar PJSC Aleksandr Khrushch.