Bank of Moscow Managed BO-1 Series Bond Issue of Yakutskenergo
OREANDA-NEWS. September 14, 2010. The bonds were placed on 7 September 2010 to a nominal value of 3 billion rubles and with a maturity of 3 years.
20 bids were submitted making the total demand 4.8 billion rubles. Due to the oversubscription the rate of the first coupon was lowered to 8.25% p.a. from the initial guidance of 8.50% p.a. area.
International credit rating agency Fitch has assigned Yakutskenergo Company "BB" rating with a stable outlook. The bonds are going to be included into the Bank of Russia Refinancing List.
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