RAMBLER NEWS SERVICE. The placement of a first issue of federal loan bonds (OFZ) for households could start after April 17, Deputy Finance Minister Sergey Storchak said on the sidelines of the Week of Financial Literacy for Children and Youth.
"Maybe in a week starting April 17, after several days of more aggressive promotional campaigns, banks will begin sales," Storchak noted.
The deputy minister previously said that the retail OFZ promotional campaign will begin on April 10. "We'll launch an advertising campaign during the first ten days of April. In the period starting April 10 we will start a promotional campaign regarding OFZ," he told journalists after a meeting held by the Financial Control Subcommittee attached to the Federation Council's Budget and Financial Markets Committee.
The Finance Ministry expects that the bonds will be issued for Rub 20-30 bln per year with par value of Rub 1,000 and 3-year maturity. The purchase of these OFZ will be limited from Rub 30,000 to Rub 15 mln. The OFZ will be available at offices of Sberbank or VTB 24, including on an online basis in the banks' mobile apps.
