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Finance Ministry to offer 45 bln rubles in OFZ in Feb (UPDATE)

January 24, 2008 | Interfax

The Russian Finance Ministry will offer a total of 45 billion rubles in Federal Loan Bonds (OFZ) at auctions in February.

The ministry will offer 10 billion rubles of OFZ maturing in 2011 and 10 billion rubles maturing in 2018 at an auction on February 6, and 10 billion rubles maturing in 2013 and 15 billion rubles maturing in 2036 on February 20, Alexander Scherbakov, deputy head of the ministry's Department for International Financial relations, State Debt and State Financial Assets, said at a meeting with market participants.

Scherbakov also said that the Finance Ministry would place 5 billion-10 billion rubles worth of Government Savings Bonds (GSO) with maturity of approximately five years in public subscriptions this year.

Most of this year's GSO will again be sold in private subscriptions -Scherbakov recalled that the Finance Ministry had clearance to place up to 105 billion rubles in GSO this year.

He said the ministry would not offer more than 10 billion rubles in short-term GSO, maturing in up to 12 months, and 5 billion-10 billion rubles in medium-term GSO. The rest will be long-term, maturing in 16 years.

Scherbakov said the ministry did not yet had a schedule for GSO auctions this year. "We're not thinking of unveiling a GSO auction schedule, we'll have to see what sort of demand there is for GSO," he said.

Company: Russia

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

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