Ministry of Finance to issue federal loan bonds to public in April
The first issue will be for RUB 20 billion and investors will be able to buy bonds from the first issue in an amount ranging from RUB 30,000 to RUB 25 million
Minister of Finance Anton Siluanov has announced the issue of federal loan bonds for the public, Interfax reports from Sochi. The bonds will be issued once every six months and the first issue could be placed in April.
The annual volume of this financial tool will amount to RUB 20–30 billion, while yield will exceed the tools circulating on the market by 0.5 percentage points on average.
Citizens will be able to acquire the bonds at branches of Sberbank and VTB. The circulation period for the bonds will be three years. Siluanov confirmed that he is planning to purchase some of the federal loan bonds himself.
“Certainly, I will be interested in this tool … I make such investments to ensure that this tool works”, he said.