VTB Bank selected as general agent for Stavropol Territory bond issue
24 December 2012
VTB Bank has acted as the general agent for the first issue of a RUB 5 billion government bond of the Stavropol Territory on the MICEX Stock Exchange.
The regional government has issued fixed coupon amortising bonds which will mature in five years. The first coupon is set at 9.2% per annum. The entire bond isue was sold.
The loan envisages 20 91-day coupon payments and will be amortised in parts on each payment day: 25% of the par value each on the 7th and 9th coupon payment days, 15% of the par value each on the 11th and 13th coupon payment days, and 10% of the par value each on the 17th and 20th coupon payment days.
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