Russian Finance Ministry Offers Two OFZ-P Bond Issues on February 4

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Russian Ministry of Finance Offers Two Federal Bond Issues on February 4

On February 4, the Russian Ministry of Finance conducted auctions for the placement of federal government bonds with fixed coupon payments (OFZ-PD) for issue № 26253RMFS and issue № 26251RMFS.

The bonds are being issued in the volume of remaining available quantities for placement in these issues.

Maturity date for OFZ issue 26253 is October 6, 2038.

The coupon rate for the entire circulation period is 13.00% per annum.

Maturity date for OFZ issue 26251 is August 28, 2030.

The semi-annual coupon rate for the entire circulation period is 9.50% per annum.

The volume of accepted bids at each auction will be determined based on the volume of demand, as well as the size of the premium requested by participants relative to the current market yield levels.

Bids for the auctions can be submitted through Moscow Exchange (PJSC Moscow Exchange) and/or St. Petersburg Stock Exchange (SPVB).

This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.