The first coupon rate of Bashkiria bonds of 2014 was set at 11.4 percent
UFA, 11 October 2014. /Bashinform News Agency, Elvira Latypova/.
The first coupon rate on the bonds of the republic of 2014 is established at 11.4 percent per annum, according to the Ministry of Finance of Bashkortostan. Investors' bids were accepted on October 9.
Recall that the internal bonds placing worth 6 billion rubles will begin on October 16. The organizer of the loan is CJSC "VTB Capital".
6 million bonds will be placed by public offering at par value of 1 thousand rubles each. The circulation period is 4.5 years. The bonds have 18 quarterly coupon periods. Yields of the 2-18 coupons are equated to the rate of the first coupon.
Today there are two republican bond issues in circulation totaling 7.1 billion rubles.
As of September 1, 2014, the public debt of Bashkortostan amounted to 16.9 billion rubles. The upper limit of internal public debt is set at 24 billion 757 million rubles as of January 1, 2015.