OREANDA-NEWS. August 26, 2009. Moscow plans to place bonds worth RUB 47 bn by the end of 2009, Deputy Head of Moskomzaim Alexander Kovalenko told Reuters and noted that borrowing plans for the next year will remain unchanged, although Yury Luzhnkov returned the 2010 budget for adjustments. Moskomzaim has already announced plans to boost its 2009 borrowings program to RUB 136 bn from RUB 89.2 bn.

“Moscow City Hall will approve the final reading of the amendments in September and we will launch placement almost immediately”, Kovalenko said. According to him, market players will be offered 56 series bonds with maturity in 2016, series 61, 62 and 63 bonds with maturity in 2013-2016 and possibly, series 49 securities with maturity in 2017.