Russian MinFin could issue inflation-linked bonds in Q2
MOSCOW. April 7 (Interfax) - The Russian Finance Ministry plans to issue bonds linked to inflation in the second quarter of 2015, Finance Minister Anton Siluanov said.
"In addition to the floating rate bonds we have already launched, we plan in the second quarter to place our first bonds with face value indexed to inflation," he said the Association of Russian Banks Congress.
This instrument should be of interest to banks, insurance companies and non-state pension funds, he said.
Regarding the Federal Treasury's operations, Siluanov said there would be a gradual transition from deposit operations to REPO operations. That would cover a wider circle of banks and, at a time when there is less need for refinancing, it will hardly be noticed by the market, he said.