RAMBLER NEWS SERVICE. Federal loan bonds (OFZs) for the public, which the Finance Ministry plans to issue this April, will be issued for three years. The instruments will be available at Sberbank and VTB 24, Finance Minister Anton Siluanov said at the Russian Investment Forum in Sochi.
"The bonds will mature in three years," Siluanov specified, emphasizing it will be possible to redeem the bonds ahead of schedule on specific terms.
According to him, the bonds will be issued for Rub 20-30 bln per year. If public demand is stronger than expected, after 2017 the OFZ amount can be increased, and OFZ terms can be modified taking into account the interests of market participants, the minister pointed out.
"The amount of nominal investment in these instruments will be 100% guaranteed. No discounts…no losses…are stipulated," Siluanov noted.
According to the minister, OFZ yields are planned to be higher than those of deposit accounts at banks by around 0.5%.
OFZs will be available at Sberbank or VTB 24, including online through mobile apps. "This is also a component of financial knowledge of the public, which is also very important for us," Siluanov added.
