Russia's Finance Ministry schedules two OFZ auctions for October 14

Russia's Finance Ministry will auction fixed-coupon federal bonds in series 26251 and 26245 on October 14. Placement is planned within the available outstanding balances of each issue.

Series 26251 matures on August 28, 2030 and carries a 9.5% annual coupon rate. Interfax reported that its third coupon payment is scheduled for March 3, 2027.

Series 26245 matures on September 26, 2035, with a 12% annual coupon. Its sixth coupon payment falls on April 7, 2027.

The amount of accepted bids and auction yields will be determined at the sales. The quoted rates are the issues' coupons, rather than auction yields known in advance.

Bids will be accepted through the Moscow Exchange and St Petersburg Currency Exchange. Settlement of auction transactions is scheduled for the next business day.