Glossary

Federal loan bonds with debt amortization (OFZ-AD)

are a type of OFZ: registered coupon-bearing medium-term (one to five years) and long-term (five to 30 years) government securities. The bonds entitle their holders to receive their face value and a coupon interest. The face value is repaid in installments on dates set in the issue resolution. The coupon interest rate can be fixed for each coupon period or variable. For bonds with variable coupon rate, the interest rate is determined based on official inflation figures. Example – Russia, 46005
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