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Seligdar Polymetallic Holding (hereafter Seligdar or Company) announces the second issue of gold-denominated GOLD02 series bonds.

Term to maturity of the bonds is 6.23 years; duration taking into account amortisation is 4.3 years. Coupon payment period is 91 days. Coupon rate guidance is 5.50% per year. Planned issue volume will be set later. Par value of each gold bond is equivalent to one gramme of gold. The par value in monetary terms is calculated in Russian roubles based on the reference price for gold set by the Bank of Russia.

Seligdar was the first in Russia to issue gold bonds. The first successful issue of the 5-year GOLD01 series bonds was in April 2023. The final placement volume exceeded 11 billion Russian roubles that was almost 4 times higher than its initially announced volume. For the first coupon period, investors received the total return (coupon and capital gain yield) at 11.5% in Russian roubles that made 46% per annum.

The main advantages of gold bonds for private investors are an opportunity to diversify investments in gold, high liquidity, no expenses associated with investments in physical gold and impersonal metal accounts, higher profitability compared to other gold-linked investment instruments, and an opportunity to mitigate currency risk in Russian rouble savings.

The bonds will be placed and traded on Moscow Exchange. The lead managers are Gazprombank, Russian Agricultural Bank and Sinara Invest Bank; joint lead manager is BCS CIB bank. Gazprombank acts as the placement agent.

The bookbuilding for the second issue of the GOLD02 series bonds is expected on October 3, 2023, from 11:00 to 15:00.

More details on gold bonds at https://goldbond.seligdar.ru/ (in Russian).