On placement of Bank of Russia coupon bonds
The Bank of Russia decided to make the first issue of the Bank of Russia coupon bonds (KOBRs) in the amount of 150 billion rubles at par with the maturity on 15 November 2017. The auction to place these bonds is scheduled for 15 August 2017 and will be held on the Moscow Exchange. The said auction will provide credit institutions with an opportunity to assess their readiness to deal with the KOBRs and, if the need arises, adjust their internal procedures accordingly.
Further decisions on new Bank of Russia coupon bonds issues will be made when necessary, taking into account expected banking sector liquidity, to absorb the stable component of structural liquidity surplus in case its volume becomes significant.
Parameters of issue No. 4-01-22BR1-7:
Bond par value: 1,000 (One thousand) rubles
Value of the issue: 150 billion rubles based on the par value
Type of the coupon: floating
Coupon rate: the Bank of Russia key rate as of each day of the coupon period
Date of the coupon income payment: 15 November 2017
Maturity date: 15 November 2017
About the auction:
Auction date: 15 August 2017
Settlement date: 16 August 2017
Settlement code: B01
Trading mode: ‘Placement: Auction’
Type of bids: Competitive
Minimum bid (% of par value): 100%
Collection of bids: 10:00 — 10:30
Bid settlement: 10:45 — 11:30
Only Russian credit institutions are allowed to participate in the placement of Bank of Russia bonds.
Bank of Russia bonds are traded solely among Russian credit institutions.
The reference to the Press Service is mandatory if you intend to use this material.