(Bloomberg) – The RF Ministry of Finance plans on Friday to register three new issues of long “classic” federal loan bonds worth 1.5 trillion rubles and begin their placement at auctions after the entry into force of US sanctions.
“We will register three long-term OFZ-PD issues in the standard volume for the last time – 0.5 trillion rubles each. First of all, these will be securities with a fixed coupon, and, of course, we are interested in supporting the placement of linkers. “
The agency stops placing old OFZ issues from June 14 in connection with the entry into force of the ban on American banks from participating in the primary market of the Russian government debt. As for the rest, work with investors will not change much, since dialogue with them is maintained on an ongoing basis, Kazakevich said.
Although the securities will be registered by June 14, the order of the Ministry of Finance will indicate the placement period starting from June 16. “Accordingly, investors who need to clearly separate the ‘old’ OFZ issues from the ‘new’ ones may not be afraid to buy these securities,” Kazakevich said.
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