Ministry of Finance will offer classic OFZ 26241 and 26238 on Wednesday, new linker 52004

MOSCOW, March 14 (Reuters) – Russia’s Finance Ministry will hold three unlimited auctions on Wednesday, March 15, where it will offer two issues of fixed-coupon federal loan bonds and one issue of indexed par value.

OFZ-PD 26241 with redemption on November 17, 2032 will be put up for the first auction in the amount of balances available for issue, i.e. 331 billion rubles at face value.

Then the department will offer OFZ-PD 26238 with a maturity date of May 15, 2041, as well as in the amount of balances available for investment, that is, 191 billion rubles at face value.

The last one will be the new OFZ-IN 52005 with the redemption date of May 11, 2033 in the amount of balances available for placement in the specified issue, i.e. for 350 billion rubles.

The Ministry of Finance has set the following rules for tomorrow’s practices:

– 12.00 – 12.30 – submitting bids to the auction for the placement of the PD-26241 issue;

– 13.30 – entry of the cut-off price for the issue of PD-26241;

– 13.30 – 14.00 – submitting bids to the auction for the placement of the PD-26238 issue;

– 15.00 – entry of the cut-off price for the release of PD-26238.

– 15.00 – 15.30 – submitting bids to the auction for the placement of the issue of IN-52005;

– 16.30 – introduction of the limit price for the IN-52005 issue.

The amount of satisfying bids at auctions will be determined on the basis of the amount of demand, as well as the amount of the premium requested by the participants in relation to the profitability levels actually prevailing on the market. (Moscow office)