SME Bank became an anchor investor in the issue of bonds of the Motor Technologies company in the amount of 220 million rubles

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AK&M 28 February 2024 13:19

SME Bank, a subsidiary of SME Corporation, became the co-organizer and anchor investor of the quarter issue of MotorT1R04 bonds of Motor Technologies Company. The volume of issue amounted to 220 million rubles. The bonds are traded on the Moscow Stock Exchange in The Growth Sector. The circulation period is 5 years. This is stated in the bank's message.

NPP Motor Technologies LLC has been producing industrial washing equipment for cleaning parts, assemblies and assemblies since 2011, being one of the first domestic manufacturers of jet washing machines. The company made its debut placement on the stock market in 2019, after that there were two more bond issues — in 2020 and in 2022, respectively. The attracted financing within the framework of the bond issue with the participation of SME Bank is supposed to be used to replenish working capital, and this will also help the company reduce the existing debt burden.

JSC "Russian Bank for Support of Small and Medium-sized Enterprises" (JSC "SME Bank") was established in 1999, 100% of the shares of SME Bank belong to the Joint-Stock Company "Federal Corporation for the Development of Small and Medium-Sized Enterprises" (JSC "Corporation "SME").