Government Bonds of Saint-Petersburg placed in the Moscow Exchange
On December 06, 2012 Government bonds of Saint Petersburg were placed in the CJSC MICEX Stock Exchange for the first time. The bonds were placed through an auction where trading participants determined the coupon yield rate for the first coupon period. 7,000,000 Saint Petersburg government bond units were offered for sale. The total amount of the offer was RUB7,000,000,000 at par value.
Preliminary bids were collected from December 03 to December 05, 2012 in the CJSC MICEX Stock Exchange. To participate in the bond purchase, investors submitted direct orders offering their interest rates for the first coupon period and indicating the activation date of December 06, 2012. Collection of preliminary bids was completed on December 05, 2012 at 16:00 MSK. The auction for the first coupon period rate was held on December 06, 2012. The minimal accepted price determined by the Issuer at the auction was 3.96% of the par value. The coupon yield interest rate corresponding to the cut-off rate amounted to 7.94% per annum. Yield to redemption was 8.10% per annum. From 12:00 to 14:00 MSK all the orders corresponding to the sale requirements that set the same coupon rate of 3.96% par value for all the rates were filled. All the investors could execute transactions with the purchased bonds starting from 14:10 MSK while trading in the CJSC MICEX Stock Exchange.
30 transactions for a total amount of RUB7,000,000,000 were executed in the CJSC MICEX Stock Exchange. 15 investors purchased Saint Petersburg government bonds.
The results of the auction are as follows:
- Total amount of offer: RUB 7,000,000,000;
- Number of executed transactions: 30;
- The number of the auction participants having bought the bonds during the placement: 15;
- The number of investors having bought the bonds during the placement: 15;
- Coupon yield rate determined by Saint-Petersburg: 3.96 % of the par value.
For further information, please contact the Public Relations Department at (495) 363-3232.