Khahasia might place up to 2.9 bln rubles in bonds in 2012
ABAKAN. Jan 24 (Interfax) - The government of Khahasia has set the maximum amount of bonds for placement this year at 2.9 billion rubles. The decision was made on Tuesday at a meeting o the Khahasia Cabinet of Ministers.
In addition, Khahasia's bond plan for 2013 is 1.3 billion rubles and 2014 - 1.995 billion rubles.
Khahasia currently has three-year bond issue 34001 worth 1.2 billion rubles in circulation, which was issued in 2010. This issue has an amortized structure for maturation. The bonds have an 8.2% fixed coupon rate and 12 coupon payouts. Rosbank was the general agent for the issue's placement.
The bonds are a source of financing for the republic's budget deficit. Funds from the issues go to capital construction and investment projects.