Otkritie Broker, part of Otkritie Financial Group, is seeking to capitalise on the success of its first locally manufactured structured bond.

The Russian brokerage firm launched on December 28 the first ever securitised version of a derivative contract which was manufactured in-house and sold OTC. The one-year bond is based on a non-principal protected autocallable structure linked to a basket of Russian blue chips listed on the Moscow Stock Exchange including Gazprom (gas producer), Nornickel (mining), Sberbank (banking) and Moex (stock exchange), will pay a 16% per annum coupon paid quarterly if all underlying are above 75% of thei

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