Private investors will be able to purchase bonds worth 5 billion rubles in Yakutia
People may purchase 2019 year bonds of the republic, worth 5 billion rubles
Today, November 6, Yakutia will collect buyers’ applications for the purchase of 2019 bonds in the amount of five billion rubles, Yakutia 24 TV channel reports with the reference to the Regional Finance Ministry Press Service.
Bookbuild time is from 10.00 to 14.00 Moscow time. The general agent is Moscow Credit Bank, the organizers are Region BC and Sberbank CIB.
It is the first that the new bond issue of the republic will be available for private investors on the primary market through the Evolution mobile application.
“The primary market is traditionally oriented towards large participants, however, interest among non-professional investors has been extremely high lately. This “closed club” is attracting an increasing number of individuals amid falling rates on deposits and the growing popularity of individual investment accounts,” the Ministry says.
The bonds maturity is 7 years. The face value of one bond is 1000 rubles. Quarterly coupons will be paid on bonds.
The interest rate on the first coupon is determined by the issuer, based on the results of bookbuild, which in turn is determined by the decision on issue. The rates of the remaining coupons will be equal to the rate of the first coupon.