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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 788 |
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There are many sessions that occur before the auction, and during those sessions MICEX stock exchange section members take preliminary bids from several potential buyers, and on the actual auction day, those same members make their bids through the MICEX trading system. From there, the applications for the bonds are sent to an underwriter who examines the order price, amount of bonds, and the first coupon rate of interest acceptable for an investor...
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From there, the applications for the bonds are sent to an underwriter who examines the order price, amount of bonds, and the first coupon rate of interest acceptable for an investor. Once this is done, the underwriter accepts and registers all orders with an acceptable interest rate equal or below the first coupon rate of interest on MICEX...
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