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Yakutia floated state loan bonds worth 2,5 billion rubles
The Ministry of Finance of Yakutia reported that the region placed 2 in July on the MICEX Yakutia Stock Exchange fully placed the issue of government bonds of the Republic of Sakha (Yakutia) of the RU35006SY0 series of 2,5 billion rubles.
The first coupon rate is set by the Issuer at 10,10% per annum. The rates of subsequent coupons are equal to the first. The loan maturity is 7 years. The par value of the bonds is 1 rubles.
The Ministry of Finance of the Republic of Sakha (Yakutia) was able to successfully place a seven-year bond issue in the context of the continuing difficult financial market conditions associated with the outflow of capital from foreign investors, the increase in the Bank of Russia key interest rate, and geopolitical risks.
The successful placement of the 2014 bond loan of the year confirms the existing interest in the Republic of Sakha (Yakutia) of investors and lenders and indicates the investment attractiveness of the region.