May 29, 2018 | Cbonds
The benchmark coupon rate for the Krasnodar Region bonds of 35002 series is 7.7-7.8% per annum, which corresponds to a yield of 7.93-8.0% per annum, the arranger informs.
The bookbuilding for the issue will be opened on May 31 from 11:00 to 15:00 (Moscow time).
As previously reported, on June 5, Krasnodar Region will place the issue of bonds 35002 series.
The issue size is 10 billion rubles. The face value of the instruments is 1,000 rubles. Issue price is 100% of nominal value. Maturity period is 2,555 days. The securities have 28 coupons. The coupon period of 27 coupons is 91 days, the 28th coupon – 98 days. Repayment of the issue is carried out by amortization parts: 10% is repaid on the date of payment of the 13th coupon, 15% on the date of payment of the 17th coupon, 25% on the date of payment of the 21st, 25th, and 27th coupons. The placement holds by public subscription.
VTB Capital is the arranger of placement; Sovcombank and Sberbank CIB – the joint arrangers.
The issue satisfies the requirements for inclusion into the Lombard list of the Bank of Russia.
Issue: Krasnodar region, 35002
|Status||Country of risk||Redemption (offer)||Volume||Emission Rating (M/S&P/F)|
Company: Krasnodar region
|Full company name||Krasnodar Region|
|Country of risk||Russia|
|Country of registration||Russia|