The Ministry of Finance has opened a book of applications for the placement of debut issues of OFZ with a permanent coupon income denominated in Chinese yuan. This is reported on the ministry's website.
The maturity dates of the issues are February 28, 2029 and June 1, 2033. The coupon rate targets are 6.25%-6.5% per annum for an issue with a maturity in 3.2 years and no higher than 7.5% per annum for an issue with a maturity of 7.5 years.
The organizers of the placement are GPB Bank (placement agent), Sberbank and VTB Capital Trading.
