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Finance Ministry to place RUR 110bn worth of bonds in Q1; RUR 120bn worth of bonds in Q2; RUR 91bn worth of bonds in Q3; RUR 53bn worth of bonds in Q4, 2008

January 24, 2008 | Prime-Tass

The Finance Ministry of Russia intends to auction RUR 110bn worth of bond in Q1; RUR 120bn worth of bond in Q2; RUR 91bn worth of bond in Q3; RUR 53bn worth of bond in Q4, 2008, according to Alexei Scherbakov, deputy head of the Debt department of the Finance Ministry.

On January 23 the Finance Ministry of Russia auctioned a federal loan bond issue (OFZ) maturing in 2018 worth RUR 8bn; a federal loan bond issue maturing in 2013 worth RUR 8bn; and a federal loan bond issue maturing in 2023 worth RUR 9bn. A total of RUR 25bn was supposed to be placed in January.

Two auctions will be held in February. The 1st auction is scheduled for February 6 when the Ministry plans to place two OFZ issues maturing in 2018 and 2013 amounting to RUR 10bn each. The 2nd auction is scheduled for February 20; the Ministry intends to auction there two OFZ issues maturing in 2013 and 2036 amounting to RUR 10bn and RUR 15bn, respectively. That makes RUR 45bn worth of bonds scheduled for auctioning in February.

As for March the Ministry will hold 2 auctions then as well. The auction scheduled for March 5 presupposes placement of 2 OFZ issues maturing in 2011 and 2023 amounting to RUR 10bn and RUR 15bn, respectively. On March 12 the Ministry will hold one more auction intending to place 2 OFZ issues maturing in 2013 and 2036 amounting to RUR 10bn and RUR 15bn, respectively. The total issue amount to be placed in March is RUR 50bn.

The 1st auction in April will be held on April 9, dealing with 2 OFZ issues maturing in 2011 and 2018 amounting to RUR 6bn and RUR 9bn, respectively. The 2nd auction will take place on April 30; 2 OFZ issues maturing in 2013 and 2023 amounting to RUR 10bn and RUR 25bn, respectively, will be auctioned then. RUR 50bn worth of bonds is scheduled for placement in April.

May will also see 2 OFZ auctions. The 1st will take place on May 7. The ministry plans to place there 2 OFZ issues maturing in 2011 and 2018 amounting to RUR 13bn and RUR 9bn, respectively. The 2nd auction scheduled for May 14 will be devoted to placing OFZ issues maturing in 2013 and 2036 amounting to RUR 7bn and RUR 6bn, respectively. That makes RUR 35bn worth of OFZ scheduled for placement in May.

The 1st auction in June is scheduled for June 4. The Ministry wants to place there OFZ issues maturing in 2011 and 2023 amounting to RUR 6bn and RUR 7bn, respectively. The 2nd auction will be held on June 11. It is designed to place OFZ issues maturing in 2013 and 2036 amounting to RUR 5bn and RUR 7bn, respectively. The total issue amount scheduled for placement in June is RUR 25bn.

July 9 is the date of the 1st auction in July. 2 OFZ issues maturing in 2011 and 2018 amounting to RUR 6bn and RUR 5bn, respectively, are to be placed there. The 2nd auction for 2 OFZ issues maturing in 2013 and 2023 amounting to RUR 7bn each will be held on July 23. RUR 25bn worth of bonds should be placed in July.

On August 6 the Ministry intends to auction 2 OFZ issues maturing in 2011 and 2018 amounting to RUR 14bn and RUR 10bn, respectively. The 2nd auction will take place on August 20. It will be devoted to placing 2 OFZ issues maturing in 2013 and 2036 amounting to RUR 10bn and RUR 6bn, respectively. A total of RUR 40bn worth of bonds is scheduled for placement in August.

September 3 is the date of the next auction where the Ministry will attempt to place 2 OFZ issues maturing in 2011 and 2023 amounting to RUR 6bn and RUR 5bn, respectively. The 2nd auction will be held on September 10. It is designed to place 2 OFZ issues maturing in 2013 and 2036 amounting to RUR 9bn and RUR 6bn, respectively. The total issue amount scheduled for placement in September is RUR 26bn.

The next auction is scheduled for October 8 when the Ministry wants to float 2 OFZ issues maturing in 2011 and 2018 amounting to RUR 4bn and RUR 3bn, respectively. On October 22 two OFZ issues maturing in 2013 and 2023 amounting to RUR 4bn each will be auctioned.

On November 5 the Ministry intends to float 2 OFZ issues maturing in 2011 and 2018 amounting to RUR 7bn and RUR 6bn, respectively. The placement of 2 OFZ issues maturing in 2013 and 2036 amounting to RUR 6bn each is scheduled for November 19. That makes RUR 25bn worth of bonds scheduled for placement in November.

The 1st December auction will take place on December 3. It is designed to place 2 OFZ issues maturing in 2011 and 2023 amounting to RUR 3bn each. The last auction for 2008 is scheduled for December 10. The Ministry plans to place there 2 OFZ issues maturing in 2013 and 2036 amounting to RUR 4bn and RUR 3bn, respectively. All in all RUR 13bn worth of bonds should be placed in December.

Company: Russia

Full company nameMinistry of Finance of the Russian Federation
Country of riskRussia
Country of registrationRussia

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