OREANDA-NEWS. Russia's first CPI-linked federal government bonds, to be known as OFZ-INs, were placed on Moscow Exchange (ticker: MOEX) on 17 July.

The security was placed at 91% of its nominal value amounting to RUB 1,000 as of 17 July. The security"s principal value will be adjusted in line with movements of the Russian Federation's Consumer Price Index (CPI). The bonds have an 8-year maturity and a fixed 2.5% coupon rate.

Investors bought bonds for a total of RUB 52.0 bln, a daily record in OFZ (federal government bonds) offerings on Moscow Exchange.  The order book comprised 191 bids from 46 trading participants. A total of 148 investors, of whom 39% were banks and brokers, 45% were Russian pension funds and local institutional investors, 15% were international investors, and 1% were domestic private investors, participated in the placement.