22 October 2014, Wednesday, 17:33
UFA, 22 October 2014. /Bashinform News Agency, Elvira Latypova/. Placement of bonds of the Republic of Bashkortostan with a fixed coupon rate and amortization of debt was held on 16 October at the MICEX. According to the Ministry of Finance 30 investor bids were satisfied totaling 6 billion rubles. The demand for bonds on the basis of an open competition exceeded 10 billion rubles.
The maturity period is 4.5 years. The placement is made as a book-building. The terms of issue provide 18 quarterly periods.
The first coupon rate is set at 11.4 percent per annum according to a review of the register of offers. Rates of 2-18 coupons are equal to the first coupon rate.
The bonds have a maturity amortization structure. On the dates of the 7, 10 and 15 coupon yield payment 15 percent of the bonds’ par value will be paid; an additional 25 percent of the par value will be paid at the end of 12 coupon period, the remaining 30 percent will be paid on the last day of the bonds circulation.
The organizer of the securities offering is "VTB Capital".