The Russian Ministry of Finance placed OFZ for 51.5 billion rubles

As part of the regular weekly auction, the Russian Ministry of Finance placed federal loan bonds (OFZ) with a permanent coupon in the amount of 51.5 billion rubles at par with a demand of 91.824 billion. Proceeds from the placement amounted to 42.15 billion rubles, according to a statement on the department’s website.

The yield at the cut-off price and the weighted average yield amounted to 15.45 percent per annum. The current issue will mature in September 2031.

The ministry resumed auctions for the sale of government debt, stopped in July, last week. Then, almost a trillion rubles were gained from the sale of OFZs, which was a record since November 2025. On the same day, the Bank of Russia provided commercial banks with 952.5 billion rubles as part of repo operations, according to the regulator’s statistics.

Plans for the year provide for the placement of OFZ in the amount of 5.51 trillion rubles. In the first half of the year, the Ministry of Finance borrowed 2.87 trillion, that is, as of September 9, the result of borrowing was close to four trillion rubles.