Date: 4 months ago   Category: Finance

Migcredit registered the program of exchange bonds — Rambler News Service


The Moscow Exchange assigned on March 11 the identification number to the program of exchange bonds of Migcredit microfinance institution for 5 billion rubles, reported Migcredit in the press service. "The Moscow Exchange assigned on March 11, 2019 identification number 4-00340-R-001P-02E to the program of LLC Migcredit. Within the program for an open subscription bonds with a total amount of 5 billion rubles face value can be placed. The maximum repayment period of exchange bonds is established in 3640 (three thousand six hundred forty) days from start date of placement. Period of validity of the program — 10 years from the date of assignment of the identification number" — reported in the press service. Added to Migcredit that the Otkrytiye bank will act as the organizer of placement of securities. According to the CEO Migcredit Oleg Grishin, debt financing is the most reliable way of investments into IFI. The IFC Migcredit was founded in 2010 and at the moment is the largest IFI in Russia by the amount of the operating loan portfolio.

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