Finance Ministry approves new 750 bln rbl OFZ bond issue

MOSCOW, Apr 27 (PRIME) -- Russia’s Finance Ministry has approved a new 750 billion ruble issue of OFZ government bonds of the 29024 series maturing in April 2035, as seen by PRIME in the authority’s materials on Thursday.

The coupon yield will be calculated basing on the average RUONIA rate in the current coupon period with a time lag of seven calendar days. The issue will carry semiannual coupons, it will be offered at auctions starting from May 3.

(81.6274 rubles – U.S. $1)

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