Russia - Ministry to hold auction for 15 bln rubles in OFZ 46021 on Feb 21
Published February 16th, 2007
| February 21, 2007 |
The Russian Finance Ministry will hold an auction on February 21 to sell 15 billion rubles at face value in Federal Loan Bond (OFZ) series 46021, the Central Bank’s PR department said in a statement.
The nominal cost of one OFZ 46021 bond will be 1,000 rubles. The bond has 33 quarterly coupons. The rate of the first coupon will be 8.00%, coupons 2-5 - 7.50%, coupons 6-9 - 7.00%, coupons 10-13 - 6.00%, coupons 14-17 - 5.50% and coupons 18-23 - 5.00%.
The bonds will be redeemed at different times: 50% of the face value of the bonds will be redeemed on August 9, 2017, while the remaining 50% will be redeemed on August 8, 2018
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