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Russian Finance Ministry to float bonds worth $11 bln in Q2 2024

Three auctions will be held in June and four auctions - in each of April and May, the ministry noted

MOSCOW, March 29. /TASS/. The Russian Finance Ministry plans to float federal loan (OFZ) bonds amounting to one trillion rubles ($11 bln) in the second quarter of 2024, the Ministry said.

"The planned volume of OFZ bonds floating in the second quarter of 2024 is 1,000 bln rubles in terms of the par value," the ministry said.

According to the ministry, the amount to be offered will be 300 bln rubles ($3.3bln) for bonds with maturity up to ten years and 700 bln rubles ($7.7 bln) for bonds mature in a decade or more.

Three auctions will be held in June and four auctions - in each of April and May, the ministry added.