Feb 9 to see OFZ 25076, 25078 auctions totaling 60 bln rubles
MOSCOW. Feb 8 (Interfax) - The Russian Finance Ministry will conduct two auctions on February 9 for the placement of series 25076 constant-coupon federal loan bonds (OFZ-PD) totaling 35 billion rubles and series 25078 totaling 25 billion rubles, the Central Bank of Russia's department for outside and public communications reported.
The Finance Ministry had originally planned to place 35 billion rubles worth of OFZ-PD 25076 and 5 billion rubles worth of short-term coupon-less OFZ 50001 on February 8.
The decision to not place the latter and to place OFZ-PD 25078 was made on the basis of an analysis of the current market situation, a Finance Ministry press release says.
The 25076 series bonds, which mature March 13, 2014, carry six coupons - 2-6 of which are semiannual. The payment date for the first is September 15 this year. Coupon yield is fixed at 7.1% per annum (first coupon - 46.49 rubles, the rest - 35.40 rubles per bond).
The 25078 series bonds, maturing February 6, 2013, carry four semiannual coupons and the first is to be paid on August 10 this year. Coupon yield is set at 6.7% per annum.
