State bankers in chocolate, the Ministry of Finance – too: Krichevsky on the placement of OFZ for 1 trillion rubles

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Russian economist Nikita Krichevsky commented on the decision of the Ministry of Finance to place federal loan bonds for 1 trillion rubles. According to the expert, the agency has made unprecedented concessions to systemically important state-owned banks.

- Not only is the rate (for the first coupon) 19.63% per annum, but the coupon is now calculated at the RUONIA rate for three months plus capitalization for the coupon period (previously it was RUONIA overnight for the coupon period without capitalization). State bankers in chocolate, the Ministry of Finance – too. Our children, who have to work hard to pay off the banks, do not suspect anything," the expert wrote in his telegram channel.