OREANDA-NEWS. December 28, 2010. In 2010, the Russian Finance Ministry has floated federal loan bonds (OFZ) and state saving bonds (GSO) worth RUB 873 bn, deputy finance minister, Dmitry Pankin said. In December 2010, Minfin has floated bonds worth RUB 170 bn without auctions. Earlier, Pankin said the Ministry planned to float fixed income securities worth RUB 200 bn in December.

“RUB 200 bn is a target figure. However, it does not mean we will auction off securities regardless of market conditions. We always have room for maneuver: if we see market demand is weak, we could resort to the Reserve Fund”, Pankin explained.