The Ministry of Finance next week, can offer a new OFZ for the population to 15 billion rubles
The Finance Ministry next week to offer the next issue of Federal loan bonds (OFZ) to the population volume of 15 billion rubles, told journalists the Director of the Department of state debt and state financial assets of the Ministry of Finance Konstantin vyshkovsky.
According to him, the new issue is proposed, when the Treasury will sell the remains of the current release, which should happen the other day. “I think next week will definitely be offered (new issue – ed.)”, – he said on the sidelines of the Moscow financial forum.
The Ministry intends to reduce the award in the new issue of up to 20 basis points from 50 initial points yield to the OFZ market.
“Awards should not be is a foreign element. The first “carrot” was to attract attention”, but this tool and no award has advantages,” said vyshkovsky.
The Ministry of Finance in late April started selling OFZ bonds to the public, debuting with a three-year issue with a volume of 15 billion rubles. The yield of new bonds, according to the plan of the Ministry should be higher than on Bank deposits and on government bonds that are already in circulation.
The yield also depends on the period of ownership of the securities – the coupon size will increase as you get closer to the date of redemption. OFZ bonds are placed through the office of the Bank “VTB 24” and SberbankSBER. The offering price of the securities when the tool runs April 26-28 was 100% of par, which corresponded to a yield of 9.02-of 9.03% per annum.
From 6 June the Ministry of Finance proposed an additional issue of OFZ for the population to 15 billion rubles following the sale of all securities of the debut issue. An additional issue has parameters similar to the ones established for the main issue, with the exception of the start date of the bonds placement.