GC NPS, JSC has successfully completed the placement of digital financial assets on the Sber platform. National Project Construction Group has successfully completed the placement of digital financial assets on the Sber platform.
GC NPS, JSC, a leading Russian infrastructure construction holding, marked its entry into the digital asset market by completing the placement of its first digital financial asset (DFA), NPC Coupon, on Sber's Digital Assets platform.
Two NPC Coupon issues, each with a volume of RUB 1 bln, were offered for sale on March 24. The placement officially closed on March 31 at 6 PM (Moscow time). National Project Construction Group (NPC) saw strong demand for its DFAs, with all tranches fully subscribed, demonstrating confidence in the company and its digital asset strategy from market participants.
Buyers of NPC Coupon included both external investors and hundreds of National Project Construction Group (NPC) employees, making this offering one of the largest in terms of participant base.
The nominal value per DFA is RUB 1,000. Qualified investors will receive a yield of +2.025% above the Central Bank of Russia (CBR) key rate, for a term of 24 months. For non-qualified investors, the annual yield is fixed at 24.25%, with a 12-month term.
A DFA is a financial instrument in a digital format. The issuance, recording, and circulation of these instruments are carried out in an information system based on a distributed ledger (blockchain technology), which ensures data immutability. A risk disclosure regarding transactions involving DFAs is available on the Sberbank website. DFAs are considered a high-risk product, and investing in them carries the potential for a complete loss of the funds invested. As of March 17, 2022, Sber is a Bank of Russia-registered operator of information systems that handle the issuance of digital financial assets (DFAs).
