The Ministry of Finance placed 43 billion rubles worth of federal loan bonds at the auction. with a demand of 157 billion rubles.
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The Russian Ministry of Finance at an auction placed federal loan bonds (OFZ) with a variable coupon yield of issue 29025 with maturity in August 2037 for 43.412 billion rubles. at par.
According to message departments, demand at the auction reached 157.565 billion rubles. The cut-off price was 96.2% of the face value, the weighted average price was 96.2002% of the face value. New issue of OFZ-PK series 29025 in the amount of 750 billion rubles. was first offered by the Ministry of Finance at auction.
How reported at the end of September, in the fourth quarter of this year, the Ministry of Finance plans to offer OFZ bonds worth 500 billion rubles at auctions. at nominal value. Initially, the department planned to place bonds worth up to 1 trillion rubles.
By the end of the year, it is planned to hold 13 auction days – 4 each in October and December, 5 in November. The approximate volume of OFZ placement with a maturity of up to 5 years is 50 billion rubles, from 5 to 10 years – 200 billion rubles, from 10 years – 250 billion rubles.
In the first quarter of 2023, the Ministry of Finance placed OFZ for 738.42 billion rubles. at par, in the second – 835.8 billion rubles. In September the department recognized two auctions for the placement of OFZ failed “due to the lack of applications at acceptable price levels.”
Read more about the situation in the Kommersant article. “The Ministry of Finance overpaid on small things”.
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