Yakutia sets yield benchmark for bond issue

© ООО Региональные новости

Yakutia Sets Yield Benchmark for Bond Issue

Yakutia, a federal subject of Russia, plans to conduct a bond offering for issue number 34006 on May 20, 2023, from 11:00 to 15:00 Moscow time.

The technical placement of the bonds on the stock exchange is scheduled for May 22, 2026.

The expected issue volume is up to 8.7 billion rubles. The bonds will have a three-year term, with a face value of 1,000 rubles per security. The coupon period is 30 days. Amortization payments will be made in installments: 10% at the end of the 16th and 19th coupons, 15% at the end of the 27th and 30th coupons, and 25% at the end of the 34th and 36th coupons.

The yield benchmark is set at no higher than the two-year Moscow Exchange KBDR (Key Benchmark Deposit Rate) plus 200 basis points.

Organizers of the placement are Sovcombank, SberCIB, and Gazprombank.

This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.