The capital government repaid the 72nd issue of bonds of the City Bonded (Domestic) Loan. This was announced by the Deputy Mayor of Moscow, Head of the Department of Economic Policy and City Development, Maria Bagreeva.
“Moscow government bonds are among the first-class securities on the Russian debt market. The city has been issuing bonds for over 25 years and has always fulfilled its obligations in full and on time. 35 billion rubles were allocated to pay off debt on three-year bonds,” noted Maria Bagreeva.
The deputy mayor clarified that at the same time the capital paid income for the last coupon period totaling 1.14 billion rubles at a rate of 6.55%.
Three-year bonds of the 72nd issue were placed on the Moscow Exchange in 2021. Also in 2021, the 73rd issue of five-year bonds worth 10.4 billion rubles and the 74th issue of seven-year green bonds worth 70 billion rubles were placed. The total volume of the three issues amounted to 115.4 billion rubles.
The 2021 bond issues were issued during the COVID-19 pandemic. They allowed the capital to attract funds to accelerate the implementation of key projects in the field of urban infrastructure. Maria Bagreeva emphasized that among the bonds, green bonds of the capital, which were issued in accordance with international and Russian green financing standards, occupy an important place.
With the redemption of bonds of the 72nd issue, bonds of the 73rd and 74th issues remained in circulation. They are traded on the Moscow Exchange. In addition, green bonds of the first issue for the population are in circulation, which were placed in 2023 on the Financial Services platform. Bonds for the public are a special type of securities that are not traded on the stock exchange and are not subject to resale, but at any time can be purchased by the Moscow government from the owner at his request, preserving all payments and the coupon income accumulated from them.
