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NSP Becomes Bondholder Representative for Bonds of PAO AKB Avangard

NSP Becomes Bondholder Representative for Bonds of PAO AKB Avangard

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Nektorov Saveliev & Partners was assigned the bondholder representative for the issuance of three million non-convertible interest-bearing certificated exchange-traded bonds of PAO AKB Avangard.

The par value of each bond is RUB 1000. The value of funding raised is estimated to be RUB 3 billion for a period of 10 years.

PAO AKB Avangard is a commercial bank with a regional network of over 300 offices in 75 Russian cities. 

Nektorov Saveliev & Partners did not reply to our inquiry on the matter.