ITECO Russia LLC has fully and on time completed the redemption of its second issue of digital financial assets (DFAs) in the amount of RUB 300,000 million, pursuant to Resolution No. ITEC-1-DTPB-122025-00002 dated March 17, 2025.
Earlier, in August, the Company successfully redeemed its first DFA issue (Resolution No. ITEC-1-DTPB-082025-00001 dated February 17, 2025, amounting to RUB 300,000 million), which had been placed in February. Both offerings demonstrated strong investor interest and were fully subscribed within the first minutes after launch. The projects were implemented in partnership with Alfa-Bank.
At present, the Company does not plan any new debt market placements. In the context of a declining key interest rate of the Bank of Russia, as well as the high cost of borrowing driven by a default by one of the issuers in the transportation market, it has been decided to postpone further placements.
ITECO Russia LLC expresses its gratitude to Alfa-Bank for its high level of professionalism and operational efficiency, and also thanks all investors who entrusted their assets to the Company.
The experience of issuing and redeeming DFAs has confirmed that digital financial instruments can be effectively used as part of the Company’s long-term financial market strategy, contributing to enhanced investor confidence and increased business transparency.