Sovcombank wants to start issuing structured bonds

Sovcombank's Supervisory Board has approved a ₽100 billion structured bond program or the equivalent amount in foreign currency. Bonds with a maturity of up to 20 years can be placed among qualified investors. There are now four issues of the bank's ₽41.1 billion in exchange-traded bonds and two issues of $250 million in foreign currency subordinated bonds outstanding.