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Russian Finance Ministry to offer 50bn roubles of OFZ bonds on Wednesday

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By Shoaib Ur RehmanReuters
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MOSCOW: Russia's Finance Ministry said on Tuesday it would offer OFZ treasury bonds worth 50 billion roubles ($895.01 million) at two auctions on Wednesday.

OFZ bonds are in focus after S&P Global raised Russia's sovereign rating to an investment grade, boosting demand for Russian assets.

The ministry said it would offer 25 billion roubles of OFZs maturing in May 2034 and another 25 billion roubles of OFZs maturing in February 2024.

 

Copyright Reuters, 2018

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