MOSCOW. On July 23, 2013 Standard & Poor's Ratings Services said it has assigned its BB+ long-term senior unsecured debt rating of and ruAA+ Russia national scale rating to the amortizing senior unsecured bond of up to RUR8.3bn (about $270mn) to be issued by Russia's Samara Region (BB+/Stable/--; Russia national scale ruAA+).
The bond will have 28 quarterly fixed-rate coupons and an amortizing repayment schedule. In 2015, 20% of the bond is scheduled for redemption, a further 25% should be repaid in 2017, 35% in 2018, 15% in 2019 and the remaining 5% in 2020. |
Russian Financial Control Monitor
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