Russian Telco MTS, Sberbank Complete Blockchain-Based Commercial Bond Transaction

Blockchain | December 2, 2018 By:

The National Settlement Depository (NSD), Russia’s central securities depository, has announced the completion of a commercial bond transaction between MTS, a mobile network operator in Russia, and state-owned Russian bank Sberbank.

The commercial bond placement was first announced in May of this year when MTS said that it issued commercial bonds denominated in rubles using NSD’s Hyperledger Fabric-based blockchain platform.

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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.

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