| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers K > Headlines for Khakassia > News item |
Fitch rates Khakassia bond BB-
Fitch Ratings said it assigned the Republic of Khakassia's RUB 1.2 billion domestic bond due Aug. 25, 2013 a long-term local-currency rating of BB- and a national long-term of A+(rus).
The republic has long-term local- and foreign-currency ratings of BB-, national long-term rating of A+(rus) and short-term foreign-currency rating of B.
The outlook is stable.
The bond has an 8.2% fixed-rate coupon. The principal will be amortized by 45% of the initial bond issue value on Aug. 22, 2012, the agency said. The remaining 55% will be redeemed Aug. 25, 2013.
The proceeds will be used to refinance maturing debt and to fund capital expenditure, Fitch said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.