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Two weeks after the start of the issuance of green bonds for the population, more than half were sold out KXan 36 Diario

Date: March 1, 2024 Time: 06:58:14

“During the two weeks of the placement of Moscow green bonds on the Finuslugi financial platform of the Moscow Stock Exchange, residents of different regions bought 50.2 percent of the total issue of securities, which is equivalent to 1 billion rubles,” said Vladimir Yefimov.

“Investment activity is shown by both young people and the elderly. 16.5 percent of bonds were bought by citizens over 55 years old, 4.9 percent – by residents under 25 years old,” Vladimir said. Yefimov.

Remember that securities are not publicly traded, which means they are protected from market risks. The coupon rate is 8.5% per year, which is comparable to the interest on deposits of the largest Russian banks, and also exceeds the yield on savings accounts and the current inflation rate. The funds received can be reinvested, which will further increase the profitability of investments. Citizens may sell bonds to the city at any time for the purchase price and without loss of revenue.

“The interim results of the placement of green bonds in Moscow for the population show great interest in a new financial instrument,” said the head of the Moscow Department of Finance, the Minister of the Moscow Government Elena Zyabbarova. – This indicates the desire of citizens for a reliable, profitable and responsible investment. About 70 percent of the bondholders are residents of Moscow and the Moscow region. Significant activity is shown not only by equity investors, but also by residents of other regions – St. Petersburg, Nizhny Novgorod, Tula, Kirov and Sverdlovsk regions. The bonds are in demand among a wide range of age groups: the youngest holder is 18 and the oldest is 86.”

Recall that the placement of Moscow green bonds for the population on the Finuslugi financial platform began on May 30 and will last until November 29, 2023. The maturity of the securities is two years, the nominal value of one bond it is a thousand rubles. Income coupons are paid quarterly. Bondholders will receive their first payment on August 29, 2023.

The funds raised from the bond placement will be used to finance a project to replace diesel buses with electric buses in order to reduce emissions of pollutants and greenhouse gases.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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