On April 2, the order book for the third issue of Sberbank’s structured exchange-traded bonds (hereinafter "structured bonds") was opened.
The BSO-SBER_PRT-42m-001Ð-05R series issue has a maturity period of 1,274 days, a fixed coupon rate of 0.01%, return of face value upon redemption, and potential additional unlimited yield in case of favourable performance of the underlying asset, Sberbank’s US ADR.
This is the third issue of the product. The two previous issues were successfully placed in December 2016 and April 2017. The new issue, similarly to the previous one, is intended for a wide range of investors, from individuals to various types of institutional investors.
Aside from structured exchange-traded bonds, Sberbank Premier started offering brokerage services on 2 April. Clients will be offered access to a variety of investment products. Brokerage services are meant for both beginner investors and professionals investing into various products, including those in financial markets abroad.
Andrey Shemetov, Head of Global Markets at Sberbank CIB1, said: "Sberbank aims to offer a broad audience of investors the most in-demand investment instruments given the dynamic market environment. The high demand for Sberbank’s previous structured exchange-traded bonds issues substantiates the performance of the bank’s securities as an attractive investment instrument."
In 2018, Sberbank plans to offer investors products linked to a number of market indicators (stocks, assets, interest rates and others). The selection of a specific indicator will be performed with the clients’ interest in mind and will largely depend on the market environment. This way, the structured bonds program will let investors act on their expectations on a broad range of market indicators.
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Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 145 million customers in 21 countries. Sberbank has the largest distribution network in Russia with almost 15,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.
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