Otkritie Investments announces the collection of applications for placement of structural bonds "Flagships of Retail"

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AK&M 03 December 2021 17:25

Otkritie Investments (a joint brand of Otkritie Broker and Otkritie Management Company, part of the Otkritie Bank group) invites qualified investors to participate in the placement of a new structural bond "Flagships of Retail". This is stated in the company's message.

The basic assets of the structural bond are the most liquid shares of the largest representatives of Russian retail, the coupon rate is 16% per annum in rubles.

The new structural bond is designed for 3 years, the conditional coupon is 16% per annum (with a memory effect) in rubles and is paid even with a significant decrease in the underlying assets to -25% of the initial prices on the date of placement. Observations are carried out 1 time in 84 days. If the prices of the underlying assets decrease by more than 25% of the initial placement price, the coupon is not paid, but is remembered. It can be paid on the date of the next observation if all the underlying shares exceed the values of the coupon barrier.

The basic assets of the new bond are shares of Russian consumer sector companies - Ozon, Detsky Mir, M.Video, Magnit and X5 Retail Group.

The minimum investment amount is 50 thousand rubles. Participation in the placement is available only to qualified investors.

Acceptance of applications for participation in the placement of the structural bond "Flagships of Retail" will last until 13:00 Moscow time on December 16, 2021. To register a product, you need to leave a request in your mobile personal account.

Otkritie Bank is a universal credit and financial organization developing corporate and investment businesses, serving retail customers, small and medium-sized businesses, as well as providing private banking services. The sole shareholder of Otkritie Bank is the Bank of Russia with a 100% stake.