Russian Telco MTS, Sberbank Issue Commercial Bonds Using Blockchain Technology

Announcements, Blockchain | May 16, 2018 By:

MTS, the largest mobile network operator in Russia, and state-owned Russian bank Sberbank haved issued commercial bonds denominated in rubles using a blockchain platform.

The transaction involved placing commercial bonds in the amount of RUB 750 million ($12M USD) with a maturity of 182 days and an annual coupon rate of 6.8% on the OTC market.