MinFin to hold auction for placement of 30 bln rubles in OFZ 25077 on Feb 16

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MinFin to hold auction for placement of 30 bln rubles in OFZ 25077 on Feb 16

MOSCOW. Feb 14 (Interfax) - Russia's Finance Ministry will hold an auction for the sale of Federal Loan Bond with constant coupon yield (OFZ-PD) 25077 worth 30 billion rubles on February 16, the Central Bank of Russia said in a statement.

OFZ 25077, which is slated to mature on January 20, 2016, has 10 semiannual coupons. The first coupon will be paid on July 27, 2011. The rate of the first coupon was set at 7.35%.