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MIL OSI Translation. Region: Russian Federation –

April 6, 2021, 18:17

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Photo by E. Samarin. Mos.ru

All funds are planned to be used to finance important urban infrastructure projects.

The Moscow government approved the decisions on the issue of the 72nd and 73rd issues of bonds of the city bonded (domestic) loan of the capital. The corresponding decree was signed Sergei Sobyanin

Urban Department of financeis entitled to place two issues of bonds with constant coupon yield. The bonds will be placed on the Moscow Exchange in the form of an auction.

The total volume of issue No. 72 will amount to 70 billion rubles: 70 million bonds, each with a par value of one thousand rubles.

The bond circulation period is from April 27, 2021 (inclusive) to April 22, 2024 (inclusive), which is 1092 days. The maturity date of the bonds is April 23, 2024.

The placement can be carried out during the entire circulation period of the bonds.

The coupon rate on the bonds is set at 6.55 percent per annum. At the same time, the amount of coupon yield on one bond for each coupon period will be 32.66 rubles.

The bonds have six coupon periods, each of which lasts 182 days.

The dates of the coupon yield payment on the bonds are as follows:

– for the first coupon period – October 26, 2021;

– for the second coupon period – April 26, 2022;

– for the third coupon period – October 25, 2022;

– for the fourth coupon period – April 25, 2023;

– for the fifth coupon period – October 24, 2023;

– for the sixth coupon period – April 23, 2024.

Moscow maintains investment grade credit rating

The total volume of issue No. 73 will amount to 70 billion rubles: 70 million bonds, each with a par value of one thousand rubles.

The bond circulation period is from April 27, 2021 (inclusive) to April 20, 2026 (inclusive), which is 1820 days. The maturity date of the bonds is April 21, 2026. The placement can be carried out during the entire circulation period of the bonds.

The coupon rate on the bonds is set at 7.2 percent per annum. The amount of coupon yield on one bond for each coupon period will be 35.90 rubles.

The bonds have 10 coupon periods, each of which lasts 182 days.

The following dates of payment of coupon yield on bonds have been determined:

– for the first coupon period – October 26, 2021;

– for the second coupon period – April 26, 2022;

– for the third coupon period – October 25, 2022;

– for the fourth coupon period – April 25, 2023;

– for the fifth coupon period – October 24, 2023;

– for the sixth coupon period – April 23, 2024;

– for the seventh coupon period – October 22, 2024;

– for the eighth coupon period – April 22, 2025;

– for the ninth coupon period – October 21, 2025;

– for the 10th coupon period – April 21, 2026.

The funds raised through the placement of bonds are planned to be used to finance the most important urban infrastructure projects.

Moscow is a reliable and responsible borrower. Throughout the history of its presence in the financial market, the capital has been able to timely and fully fulfill its obligations to repay and service the state debt.

As of April 6, 2021, the state debt of Moscow is 30 billion rubles (1.1 percent of the annual budget revenues). Attraction of new loans in the planned volumes will not violate the stability of the city budget.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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