On the main parameters of issuing of the Bank of Russia bonds

On 16 September 2016, the Bank of Russia Board of Directors decided on the main parameters of issuing of the Bank of Russia coupon bonds (OBR).

The possibility of issuing OBR with maturities 3, 6 and 12 months is provided. The coupon period is determined equal to the minimum term of OBR circulation — 3 months. The coupon rate on OBR will be equal to the Bank of Russia key rate on each day of the coupon period that is aimed at keeping money market rates close to the key rate in the case of significant structural liquidity surplus.

The Bank of Russia Board of Directors will take the decisions on specific issues of OBR as a need arises taking into account the transition to a structural liquidity surplus in the banking sector and its following dynamics.

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