Republic of Karelia has placed bonds for 2 billion rubles at par value. According to the Moscow Exchange, the date of placement of bonds of the issue was a total of 19 deals amounting to 2 billion rubles.
The rate of the 1st coupon on results of collection of applications was set in size of 8.00% APR, the rate of the rest of the coupons equal the rate of the 1st coupon. The original indicative rate of the 1st coupon was announced in the range of 8.60-of 8.80% per annum.
The nominal value of one security of the issue 1,000 roubles. The term of maturity – 6 years. The issue has amortization: for 30% of the nominal value at the end date of the 16th and 20th coupons, 40% of the nominal value in the end date of the coupon 24.
The demand for securities exceeds supply in 5.3 times, in the course of the auction an offer to purchase bonds received from 34 investors for a total amount of 10.6 billion rubles, reported the Ministry of Finance in the region.