Media

Seligdar PJSC announced a gold-denominated bond issuance programme. The Holding is the first is Russia to issue gold bonds.

The par value of each GOLD01-series bond in units is one gramme of gold. The monetary par value will be calculated in Russian roubles based on the reference price for gold set by the Bank of Russia. Settlements during the initial placement, coupon payments and at maturity will be made in Russian roubles based on the reference price for gold. The coupon payment period is 91 days. The lead managers of the issue are Gazprombank, Russian Agricultural Bank and Sinara Invest Bank while joint lead managers, BCS CIB bank and Tinkoff Bank. Gazprombank acts as the placement agent.

The bonds denominated in gold is a completely new financial instrument in the Russian market; they stand out for being safe and profitable. There are some examples of such securities in the world market but Seligdar is a pioneer in Russia.

During the presentation, the Company provided to investors an overview of its financial results and plans as well as its key development projects. Seligdar demonstrates a steady growth and has a reserve base for 15 years of work ahead.

Seligdar launched an official Web page on the gold bonds at http://goldbond.seligdar.ru (in Russian). It provides reliable and up-to-date information on planned issue, issue details and key data on Seligdar PJSC.

The advantages of gold bonds:

o   diversification of investments in gold;

o   hedging and saving instrument for individual investors;

o   high security and liquidity;

o   low investment fees;

o   coupon interest income. Higher profitability compared to other gold-linked investment instruments.