The Ministry of Finance will suspend the placement of OFZ-n bonds for individuals

Минфин приостановит размещение ОФЗ-н — облигаций для физлиц

4 March 2022, the Ministry of Finance reported, what with 9 March and until further notice will cease to place federal loan bonds for individuals - the so-called OFZ-n. Agent Banks, through which such bonds can be purchased, will not accept applications from citizens for the purchase of these OFZs.

The Ministry of Finance considers, that now the conditions for borrowing have worsened for the state. Maybe, the decision is due to the recent increase in the key rate from 9,5 to 20% per annum.

At the same time, the Ministry of Finance promised, that in time will fulfill all obligations under the already placed OFZ-n of all issues. Agent banks serve, buy and extinguish already in circulation OFZ-n in the previous mode.

In this way, it will not be possible to buy additional bonds yet, and otherwise, nothing changes for investors in OFZ-n.

OFZ-n is a special type of federal loan bonds, created specifically for individuals. They are not traded on the stock exchange - they can be purchased and prematurely repaid only through agent banks: Sberbank, VTB, "Post Bank" and "Promsvyazbank". You will need a brokerage account in an agent bank, but on IIS you can't buy them.

In February and early March 2022, the current issue of such bonds is OFZ-n 53009. In early March, they can be purchased by 93,448% par value plus accumulated coupon income about 5 P for each bond. In this case, the effective yield to maturity is 12,68% per annum excluding NFDL.

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