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24.12.2014 11:13

Lot size reduced for Eurobonds of two issuers

As of 24 December, Moscow Exchange has reduced the lot size for Eurobonds of Promzvyazbank (PSB Finance S.A.[1]) and Credit Bank of Moscow (CBOM Finance P.L.C.[2]).

The standard lot size for these Eurobonds will equal one unit (with par value of USD 10,000) in all Main Market trading modes. Currently, the lot size for the securities is 200 units (USD 200,000).

Moscow Exchange Deputy CEO Andrey Shemetov said:

"Eurobonds are attractive to investors as they offer yields in foreign currency. Splitting the Eurobonds will make them more accessible to private clients, thereby broadening the range of prospective investors. We are in active negotiations with other issuers to reduce the lot size also for their exchange-traded Eurobonds"

Corporate Eurobonds were launched on Moscow Exchange on 14 October 2014. Trades are settled in USD. Currently, 23 issues of corporate Eurobonds trade on Moscow Exchange. Eleven issues of the Russian Ministry of Finance"s Eurobonds with a standard lot of USD 1,000 are also available on Moscow Exchange"s Equity & Bond Market.

 

[1] issued by foreign company PSB Finance S.A. (ISIN XS0851672435, ticker XS0851672435);

[2] issued by foreign company CBOM Finance P.L.C. (ISIN XS0879105558, ticker XS0879105558)

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

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