Russian Finance Ministry Offers Single OFZ-PD Bond Issue on October 7

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On October 7, the Russian Ministry of Finance offered investors one issue of OFZ-PD bonds

The Russian Ministry of Finance conducted an auction for the placement of federal loan bonds with a fixed coupon payment (OFZ-PD) of issue No. 26252RMFS in the volume of available balances for placement in this issue.

The repayment date for the OFZ issue 26252 is October 12, 2033.

The coupon rate for the entire circulation period of the loan is 12.50% per annum.

The Ministry of Finance noted that the volume of bids accepted at the auction will be determined based on the volume of demand and the size of the premium requested by participants relative to the current market levels of yield.

Bids for the auction can be submitted through Moscow Exchange (PJSC Moscow Exchange) and/or SPB Exchange (AO SPB Exchange).

The 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.