Russia’s Yakutia plans to offer 5 bln rbl of bonds on May 18

MOSCOW, May 5 (PRIME) -- Russia’s republic of Yakutia plans to offer 5 billion rubles of 7-year bonds on the Moscow Exchange on May 18, according to a Friday statement of brokerage company Region, which acts as a general agent of the placement.

The issue carries 28 quarterly coupons and amortization of 10% on the date of the 13th coupon; of 5% on the date of the 14th coupon; of 10% on the date of the 17th coupon; of 10% on the date of the 18th coupon; of 10% on the date of the 20th coupon; of 10% on the date of the 22th coupon; of 10% on the date of the 24th coupon; of 10% on the date of the 26th coupon; and of 10% on the date of the 28th coupon.

The rate of the first coupon will be set during bookbuiding, and rates of all the other coupons will equal the first.

(57.5714 rubles – U.S. $1)

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