Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;

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

Decision on the KOBR-1 issue

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.

31 July 2017

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