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MIL OSI Translation. Region: Russian Federation –

April 28, 2021 07:12

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The total volume of purchase orders amounted to 79.3 billion rubles, which is 2.3 times higher than the supply volume.

Moscow has successfully placed its 72nd issue three-year bonds. This was reported by Sergei Sobyanin on your page on Twitter.

 

Investors were offered securities worth 35 billion rubles. The total volume of purchase orders amounted to 79.3 billion rubles. This exceeded the supply by 2.3 times. As a result of the auction, the yield on the bonds was determined at 6.73 percent.

After an eight-year hiatus, Moscow enters the market with bonds of the 72nd and 73rd issues in the volume of 70 billion rubles each. The funds from their placement will be used to finance the most important projects in the capital.

The first auction for the placement of the 73rd issue of five-year bonds is scheduled for mid-May. In addition, at the end of May, it is planned to place an issue of green bonds in the amount of 70 billion rubles.

With their help, the city will finance environmental projects. Thus, the Moscow Government plans to use the equivalent of funds received from the placement of green bonds to finance and refinance urban environmental projects to reduce emissions of pollutants and greenhouse gas from vehicles. These funds will finance the construction of the subway, as well as the replacement of the Moscow bus fleet with electric buses.

The Moscow government approved the decision to issue green bonds

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

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