February 27, 2017 / 8:06 AM / 9 months ago

Russia finmin will offer OFZ bonds for households in April

SOCHI, Russia, Feb 27 (Reuters) - Russia’s finance ministry will start selling rouble treasury bonds for households in April, Finance Minister Anton Siluanov said on Monday.

The finance ministry aims at raising up to 30 billion ($519 million) roubles a year by selling bonds, known as OFZ bonds for people, Siluanov said.

The new three-year bonds will have a yield of 8.5 percent and will be issued every six months, available at offices of Russia’s largest lenders Sberbank and VTB, Siluanov said.

$1 = 57.8160 roubles Reporting by Darya Korsunskaya; Writing by Andrey Ostroukh; editing by Vladimir Soldatkin

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