January 03, 2012 | Cbonds
|The Finance Ministry of Russia plans to set thirteen OFZ auctions in the Q1 2012 and sell the total of RUB284,9 billion worth of bonds. |
In January the ministry plans to have two actions on January 18 and 25 and sell OFZ series 25079 and 26206 respectively, each tranche amounting to RUB20 billion.
Five auctions are planned for February. On February 1st – OFZ series 26205 – RUB35 billion. On February 8 – OFZ series 25079 and 26204 for RUB15 billion and RUB3.273 billion respectively. On February 15 – OFZ series 26206 for RUB20 billion. On February 22 – OFZ series 26205 for RUB35 billion.
Six auctions are scheduled for March. On March 7 – two auctions: OFZ series 25079 and new seven year OFZ – RUB10 billion and RUB35 billion respectively. On March 14 – OFZ series 26206 for RUB17,966 billion. On March 21 – OFZ series 26205 for RUB35,199 billion. In addition the ministry wants to auction OFZ series 25079 (RUB 3,431 billion) and new seven year OFZ (RUB35 billion) on March 28.
Deputy Finance minister Sergey Storchak said earlier that the volume of OFZ auctions in Q1 2012 would likely to be below the planned level due to uneasy situation in the financial markets. He noted that out of RUB1.8 trillion which the Ministry plans to raise in new year less than quarter will be collected in Q1 2012.