11 May 2004 08:52
Finance Ministry registers Moscow bond issue terms
MOSCOW. May 11 (Interfax) - The Finance Ministry has registered the issue terms for Moscow city domestic and savings
bonds in 2004, Deputy Chairman of the Moscow State Debt Committee Alexander Kovalenko told Interfax.
According to the terms, Moscow bonds can have variable or fixed coupon yield. Face value will be 1,000 rubles and the
bonds will mature in one to 10 years.
Issues 32, 35, 36 and 37 each totaling 4 billion rubles and
maturing, respectively, in May 2006, June 2006, December 2008 and
The Moscow State Debt Committee plans to place about 29 billion
rubles in bonds in 2004. So fart it has held only two auctions, one in
Savings bonds can also have variable or fixed coupons, face value of 1,000 rubles and mature in one to five
years.
Kovalenko did not say when Moscow would start issuing bonds in accordance with the new terms. The Moscow State Debt
Committee has four registered issues leftover from last year that were not placed, he said. "We need to place the
old issues, leftover from 2003, on which there is not much time left (to maturity)," he said.
September 2006, remain unplaced from last year.
January and one in February, raising about 9 billion rubles. [RU ASIA EUROPE EEU EMRG DBT GVD] me
[Interfax] |
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