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24.07.2015 21:33

Moscow Exchange welcomes BCS structured notes

On 24 July 2015, Moscow Exchange (ticker: MOEX) added a RUB 500 million structured credit linked note of BrokerCreditService Structured Products Plc, part of the BCS Financial Group, to its Level 3 List. The start of trading in the note will be announced in due course.

The security is the first foreign structured credit linked note admitted to trading on the Moscow Exchange. The note is a structured product tied to the obligations of three banks, VTB, VEB and Sberbank, with a 13% annual coupon paid semi-annually in RUB. It has a RUB 80,000 face value and matures on 12 April 2017.

Andrey Shemetov, First Deputy CEO of Moscow Exchange, said: 

"We are delighted to welcome structured notes to trade on Moscow Exchange. A broad range of investors will have access to an investment vehicle that is interesting and easy to manage. Structured products substantially enhance the range of strategies available for investment on the Russian market. We are looking forward to welcoming more structured products to list on Moscow Exchange." 

Edward Golosov, Deputy President, Asset Management Director of the BCS Financial Group, said: 

"Structured notes are used as an alternative to foreign exchange traded notes, which are one of the most up-to-date and valuable financial products abroad. These highly liquid exchange-traded instruments linked to diverse assets deliver positive returns in any market conditions and allow diversified investments. Our notes listed on the Exchange will be attractive to holders of individual investment accounts successfully launched earlier this year. BCS is one of Russia"s leading brokerage firms, striving to broaden investment opportunities for Russian customers via new liquid instruments available on the Exchange. We decided to start with this simple issue, however we have plans to proceed with new high interest issues linked to other assets, for example shares."

The notes were previously listed with the Irish Stock Exchange, which is one of the foreign exchanges where the Bank of Russia considers a listing a prerequisite for admittance to trading on Moscow Exchange. 

For further information, please contact the Public Relations Department at (495) 363-3232.

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