Between the Finance Ministry and the Bank of Russia on 18 August 2017 was an exchange of Federal loan bonds of issues No. 46005RMFS, No. 46018RMFS, No. 46019RMFS, NO. 46020RMFS, No. 46021RMFS, No. 46022RMFS and No. 48001RMFS aggregate nominal value of 58.4 billion rubles Federal loan bonds with fixed coupon yield issues No. 26207RMFS, NO. 26214RMFS, NO. 26220RMFS, NO. 26221RMFS and No. 26222RMFS aggregate nominal value of 54.9 billion roubles.
The exchange was carried out on the basis of market assess of these bonds, including the accrued coupon income on the date of exchange, said the Ministry of Finance.
“The results of the exchange of the state internal debt of the Russian Federation will be reduced by the amount of 3.54 billion rubles. As a consequence, in the period 2017-2036 and maintenance costs of state securities of the Russian Federation will be reduced not less than by 3.58 billion. In addition, in the period 2017-2019 biennium. total payments on the state internal debt of the Russian Federation will be reduced not less than by 18.82 billion rubles.”, – reads the statement of the Finance Department.
The Finance Ministry of Russia plans to continue exchange of illiquid government securities in order to further improve the liquidity and development of the domestic capital market.