Central regions | Finance, business

Yaroslavl region to place $100m bonds

7 May '10
Authorities in Yaroslavl region have announced plans to place $100m bonds.

The bonds are reportedly to be placed publicly at MICEX.

Under plans, the bonds are to mature in three years and will have 12 quarter coupon periods.

The first Ц fourth coupon rates are set at 8.5%, fifth Ц eighth coupon rates are 8.25% and ninth - twelfth coupons are 8%, officials said.

Placement is scheduled to start on May 20, 2010.
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