The volume of placement of the two debut issues of OFZ in yuan amounted to 20 billion Chinese yuan, of which one half of the amount will be paid in Chinese yuan, and the other half in the equivalent in Russian rubles. This is reported on the website of the Ministry of Finance.
Placed: issuance of OFZs for 12 billion yuan with a coupon rate of 6% per annum and maturity in 2029, and issuance of OFZs for 8 billion yuan with a coupon rate of 7% per annum and maturity in 2033.
Banks bought 59.6% of the bonds, management companies – 19.6%, retail investors – 15.9%, investment companies – 2.7%, insurance companies – 2.2%.
In the process of collecting the application book, coupon rates were reduced from the initial maximum targets by 50 bp for both issues. The technical placement of OFZs and the start of their circulation will take place on December 8, 2025.
