S&P rates Samara bond BB+

S&P said it assigned Samara Oblast’s RUB 5 billion six-year bonds a BB+ rating.

“The bond will have 24 quarterly fixed-rate coupons and an amortizing repayment schedule. The coupon rate will be disclosed at issuance. According to the redemption schedule, 30% of the bond is to be repaid in November 2022, 30% in November 2024, 20% in November 2025, and 20% in August 2026,” S&P said in a press release.

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