Yakut Bonds Obtain Listing on RTS Today

The bonds of the Finance Ministry of Yakutia will be listed on the Russian Trading System (RTS) today, the RTS reported. On October 30, 2002 RUR470m (around $14.87m) in Yakut bonds were placed on the RTS at the price of 95.93 percent of the nominal value and with an annual interest rate of 18.48 percent. The nominal value of one bond is RUR1,000 (around $31.64), while the time of circulation is 545 days. The issue prospectus envisages 6 coupon payments and a fixed annual interest rate of coupon income of 15 percent.

On November 1 the number of securities traded on the RTS is 418, including 45 bonds.