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Seligdar finished its debut gold bond placement: issue volume exceeded the planned one almost 4-fold.

22.05.2023

Polymetallic Holding Seligdar completed placement of 5-year GOLD01 series bonds. The final placement volume exceeded 11 billion Russian roubles that was almost 4 times higher than its initially announced volume in 3 billion Russian roubles. Seligdar is the first in Russia to issue gold bonds – a new financial instrument for saving money in gold. There are only two similar examples in the world practice: government gold bonds in India and Turkey.

Aleksandr Khrushch, Chairman of the Board of directors of Seligdar PJSC stated:

‘Increased demand from investors reflects a high confidence in Seligdar and interest of the market to the new investment instrument. Holding not only constantly grows and improves every year its operating results but also entered a new investment phase and implements the Sustainable development strategy that allows to reach annual production of 20 tonnes of gold in 2029’.

Gold bond is a three-in-one universal instrument that reflects changes in commodity, foreign exchange and debt markets. The 5-year bond is first of all intended for diversification of the long-term portfolio. An investor who has bought a gold bond receives a coupon income at 5.50% per annum.

The par value of each GOLD01-series bond in units is one gramme of gold. The monetary par value is calculated in Russian roubles based on the reference price for gold set by the Bank of Russia. The coupon payment period is 91 days.

The lead managers of the issue were Gazprombank, Russian Agricultural Bank and Sinara Invest Bank while joint lead managers, BCS CIB bank, REGION Broker Company and Tinkoff Bank. Gazprombank acted as the placement agent. The placement was performed between April 7 and May 19 at Moscow Exchange.


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