Sberbank of Russia

03/24/2021 | Press release | Distributed by Public on 03/24/2021 09:05

Sber organizes first Ruble bond placement for Kazakhstani issuer on MOEX

SberCIB has joined hands with a consortium of banks and organized the placement of the debut bond issue of NC Food Contract Corporation JSC on Moscow Exchange (MOEX) and Kazakhstan Stock Exchange (KASE).

The placement involved Sberbank International, which was among the parties that initiated the placement and invested in it.

The bond issue value is RUB 2.45 bn, the final coupon rate is 8.99% per year, and the maturity is five years. The technical placement on stock exchanges is scheduled for March 26, 2021.

This is a landmark deal, because it's the first ruble-denominated placement of a Kazakhstani issuer by Sber as an organizer and anchor investor in many years. I'm confident that this issue will usher a new stage of cooperation with potential issuers that plan their placements on the Russian bourses in 2021 and 2022.

Timur Kozintsev

Senior Vice President of Sberbank, Head of Sberbank International