The board of directors at Finprombank decided to approve an exchange-traded bond program worth Rub 50 bln. The approved program was registered under Series 001P.
As the bank specified in a press release, the bond program is perpetual, and under it the bank may place the securities with a maturity of up to 15 years.
"This program is to be implemented as part of the bank's strategy and aims to provide favorable conditions for the bank to expand in its priority lines of business, including private, corporate and investment banking, and financial market operations," the release pointed out.
