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Date added: 07.11.2018Important notice: Law&Trust no longer work in Russia. Transfer of operational control over Law&Trust in Russia to local management and the formation of the LegalCraft brand was started in 2022 and came into effect in October 2024.
Structural bonds are such bonds that provide for the right of their holders to receive payments on them depending on the occurrence or non-occurrence of one or several of the circumstances listed below:
The size of payments on a structural bond may be less than its nominal value, but payments on it may not be made.
However, it is necessary to take into account that a structural bond cannot be repaid ahead of time by the issuer at his discretion (the exception is cases independent of the will of the issuer, provided for in the decision to issue structural bonds).
Structural bonds may be issued exclusively by credit organizations, brokers, dealers, specialized financial companies, if the objectives and the subject of their activities include the issuance of structural bonds.
Structural bonds can be purchased only by qualified investors, and the Law stipulates that individuals, who are not qualified investors and acquire structural bonds to be placed may terminate it unilaterally within 10 business days from the date of the conclusion of the contract and demand the return of the deposited funds. Link to service