Russia’s antimonopoly service initiates iPhone7 price audit — regulatorBusiness & Economy October 24, 15:03
Sharapova will be back in WTA rankings after 3 tournaments next year — officialSport October 24, 14:58
Ukraine's self-proclaimed republics against deploying armed OSCE mission to DonbassWorld October 24, 14:39
Rusnano says it has no business ties with Clinton’s campaign chairmanBusiness & Economy October 24, 14:33
Minister says Russia’s information systems reliably protected from cyberattacksRussian Politics & Diplomacy October 24, 14:31
Kremlin gives no comment on alleged attack on Foreign Ministry’s websiteRussian Politics & Diplomacy October 24, 14:14
Kremlin says has no idea of protest potential assessment program at Russian universitiesSociety & Culture October 24, 14:09
Russian, Egyptian paratroops practice operation to storm "militants-held" villageMilitary & Defense October 24, 14:07
Ukraine lodges protest against Syria’s recognition of CrimeaWorld October 24, 13:49
TOMSK, March 3. /TASS/. Tomsk became the first Russian city to sell municipal bonds raking in more than 6 mln rubles ($81,000) over the last two months, head of the city finance department Irina Yartseva said Thursday.
"No municipality in Russia has issued bonds yet while we have followed the example of the "big brother" [the Tomsk Region administration — TASS] to issue an instrument like that. Bonds worth over 6 mln rubles have been sold," she said.
The Tomsk Region is the only region in Russia to use this instrument. Its regional finance department has sold bonds worth more than 5 bln rubles ($68 mln) since 2002.
According to Yartseva, in end-December 2015 the Tomsk city administration issued 100,000 municipal domestic bonds with fixed coupon yield, par value of 1,000 rubles ($13.6) and 12% yield rate per annum. The instrument is beneficial both to population and the city budget. "Today credit organizations offer a 13-15% yield rate, which is rather high, whereas we offer a 12% rate. By doing this we directly save 1 percentage interest rate for the budget. The population also has benefits as credit organizations offer lower rates," Yartseva said.