The Bank of Russia took a decision to implement emission of the second and third editions of coupon bonds (COBRAS), it is stated in the message controller. The auction of editions of COBRAS will be held on the Moscow Exchange.
The auction for the second edition will be held on October 24, 2017. Issue volume at face value is 500 billion. The nominal value of one security of the issue 1,000 roubles. The maturity date is 17 January 2018.
Coupon type floating. Coupon rate – the key rate of the Bank of Russia for each day of the coupon period.
To participate in bonds placement shall be allowed only to the Russian credit organizations. Circulation of bonds is carried out among Russian credit institutions.
Date of placement of the third issue bonds of Bank of Russia 500 billion rubles at par value not yet established.
“Further decisions on the issue of new editions of COBRAS will be made as necessary, taking into account the forecast of banking sector liquidity in order to absorb a stable part of the structural surplus of liquidity,” said the Central Bank.