The Russian Ministry of Finance plans to continue the placement of federal credit bonds (OFZ) on the debt market in the third quarter of 2022. The newspaper writes about it vedomostiHe cited a source close to the government.
According to him, it is possible to resume the issuance of government bonds after the approval of the budget projections, which the government should agree on by the end of September.
Another source of the publication confirmed this information, while stating that the resumption of OFZ docking will occur no later than October.
“First there should be answers to investors’ questions, then there should be placements,” he said.
Both sources said that decisions on specific borrowing amounts have not yet been taken. They said that the main task of the ministry is to test the market.
As one of the sources cited, the aim of the initiative is “a gradual return to the market and exit to normal borrowing volumes from 2023”.
Former Finance Minister of the Russian Federation Anton Siluanov declarationBy 2025, the cost of servicing the state debt of the Russian Federation will exceed 2 trillion rubles, even with moderate loans.
Before that, in the report of the Accounting Chamber of Russia reportedThe foreign public debt of the Russian Federation decreased by $2.6 billion since the beginning of the year to $57,143.2 million as of April 1. rubles (41.2%), 24.6 million dollars (6.6%) compared to the same period in 2021.