August 12, 2019 | Cbonds
|According to the Ministry of Finance of the Russian Federation, starting from August 21, 2019, series 24020 federal loan bonds with floating coupon yield at RUB 100 bln will be available for placement at the auctions of the Ministry of Finance of the Russian Federation.|
The bond par value is RUB 1 000. The start of bonds placement is August 21. The end of bonds placement is December 25.
The bond expiry date is July 27, 2022.
For series 24020 federal loan bonds, the coupon yield is calculated on the basis of the average value of RUONIA rates for the current (i.e. not expired as for the previous issues of federal loan bonds with floating coupon yield) coupon period with a small "technical" time lag of seven calendar days, due to the specifics of the process of payment of coupon yield, calculation and publication of the RUONIA rate. In opinion of the Ministry of Finance of the Russian Federation, this approach is in line with the best world practices and will lead to the avoidance of the use of RUONIA rates for the calculation of coupon yield with a significant delay.
Issue: Russia, 24020
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||Ministry of Finance of the Russian Federation|
|Country of risk||Russia|
|Country of registration||Russia|