Media

Polymetallic Holding Seligdar (hereafter Seligdar) successfully completed placement of the GOLD02-series bonds – a financial instrument for investments in gold with quarterly coupon payment denominated in precious metal. The term to maturity of the GOLD02 bonds is 6.23 years; the duration taking into account amortisation is 4.3 years. The final placement volume comprised 6.7 billion Russian roubles.

In spring 2023, Seligdar became the first in Russia to issue a new comfortable and secure instrument for savings in gold. Total placement proceeds from the GOLD01 and GOLD02-series bonds amounted to 17.8 billion Russian roubles. The new instrument attracted strong interest from banks, investment and asset management companies, as well as from private investors.

Aleksandr Khrushch, Chairman of the Board of Directors of Seligdar PJSC, commented:

‘High demand for a developed by us new instrument for investments in gold proves that investors had correctly understood the main function of the security in their portfolio. We highly appreciate confidence expressed by the investment community. Many investors support the chosen by Seligdar Strategy and our management decisions. This year in line with the Strategy Seligdar set a new production record having fulfilled the operating plan ahead of schedule and produced over 8 tonnes of gold’.

The par value of each GOLD02-series bond is one gramme of gold in monetary value. The monetary par value is calculated in Russian roubles based on the reference price for gold set by the Bank of Russia. The accrued interest is calculated on the basis of fixed coupon rate, number of days from the start of the coupon period and the par value three days before the settlement date. The coupon payment period is 91 days.