Demand for 7-year bonds of Yakutia has been very high
The demand for 7-year bonds of the region in the amount of five billion rubles exceeded the loan volume by more than 10 times and amounted to more than 56,9 billion rubles, Yakutia 24 TV channel reports with the reference to the Republic Finance Ministry.
This is a record demand for bonds. In total, 68 applications for the bonds’ purchase have been received, including from individuals. The main investors were the Russian banks, investment companies, non-state pension funds’ management companies.
“A work to increase the availability of bonds for the population, carried out by the Ministry of Finance of Yakutia, resulted in the fact that individuals too acquired bonds on the republic territory. We also note that, for the first time, private investors purchased Bonds online on “Evolution” application – an electronic brokerage platform,” the ministry says.
Yakutia managed to attract a 7-year loan with a historically low interest rate of 6,95%. The bond issue of Yakutia of 2019 has been included into the first (highest) listing level of the Moscow Exchange on the first day of circulation. The bonds are to be included into the Bank of Russia Lombard List within a month.
Earlier, Yakutia 24 TV channel reported that the private investors would be able to purchase bonds worth five billion rubles.