Listing of securities issued on behalf of foreign states or their central banks
and administrative-territorial entities with separate legal capacity
Basic requirements
- Securities comply with the requirements of Article 51.1 of the Federal Law "On the securities market"
- A foreign issuer undertakes to provide the Exchange with information about the securities for disclosure by the Exchange in accordance with Russian securities legislation
- The securities are accepted for servicing by the settlement depositary 1
- Other Russian legal requirements regarding securities and normative acts of the Bank of Russia are observed
With the basic requirements complied, securities may be included on Level 3
Inclusion in Levels 1 and 2
| Requirement | Level 1 | Level 2 |
|---|---|---|
| Issue volume | At least RUB 2 bln | At least RUB 500 mln |
| Par value | No more than RUB 50,000 or 1,000 currency units if the security par value is denominated in foreign currency | |
| Absence of issuer default | Absent, or at least 3 years passed since default causing liabilities were ceased |
Absent, or at least 2 years passed since default causing liabilities were ceased |
| The issuer (or the bonds issue) and the surety (guarantor) have a credit rating of certain level 2 | Not lower than the level set by Moscow Exchange | |