15 May 2012 15:02

Russian MinFin to offer 10 bln rubles in bonds at May 16 auction

MOSCOW. May 15 (Interfax) - The Russian Finance Ministry will offer 10 billion rubles in constant-coupon federal loan bond series OFZ-PD 25079 at an auction on May 15, the ministry said.

Yield guidance for the auction is 7.15-7.20%.

The OFZ-PD 25079 mature on June 3, 2015 and have eight coupon periods at 7% pa.

The MinFin originally planned to offer 20 billion rubles in OFZ-PD 26205 but decided against this after analyzing the current state of the market.