Russia FinMin to offer 109bn roubles of 2028 OFZ bonds on Weds

MOSCOW: Russia's Finance Ministry said on Monday it would offer 108.9 billion roubles ($1.83 billion) worth of OFZ treasury bonds with a fixed coupon at a top-up auction on Wednesday.

If the ministry sells the OFZs maturing in January 2028 in full, the overall amount of these bonds on the market will reach 350 billion roubles, it said.

The finance ministry could provide more details on the bond sale on Tuesday as it usually announces details of upcoming auctions one day before the actual auction.