The Nizhny Novgorod Region placed another bond issue of 15 billion rubles.

      22 November 2025 12:23 Economics

      On 20 November the Nizhny Novgorod Region completed the placement of its seventeenth bond issue totaling 15 billion rubles. According to the regional finance ministry, 37 applications from investors were received during the placement.

      The first coupon rate on the Nizhny Novgorod Region's Series 34017 bonds was set with a margin of 2.15 percentage points per annum above the Bank of Russia's key rate. The nominal value of one bond is 1,000 rubles, the term of circulation is 1,110 days.

      Nizhny Novgorod Region Finance Minister Olga Sulima said aggregate demand exceeded 32 billion rubles against a placement volume of 15 billion. According to her, this result reflects a high level of investor confidence in the region. The funds raised will be used to repay existing debt obligations and cover the budget deficit.

      The placement will increase the share of long-term borrowings and thereby distribute the debt-servicing burden, smoothing out annual payment peaks.

      As clarified by the regional finance ministry, the loan terms provide for 37 monthly coupon periods. The issuance decision also establishes debt amortization: 50% of the nominal amount in 2027 and 50% in 2028.

      Recall that in 2021 the region already entered the market with a 15 billion ruble bond loan with a term of 5.5 years.

      It was also reported that the Nizhny Novgorod Region finance ministry fully repaid the 2019 bonds.

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