The Finance Ministry of Russia will hold an auction on September 18 toplace federal bonds (OFZ) with debt amortization, totaling RUR7bn($221.45m), and federal bonds with fixed coupon income, totaling RUR5bn($158.18m). Alexander Chumachenko, deputy head of the Department ofInternal State Debt Management of the Finance Ministry, gave thisinformation to RBC today. The parameters of the issue of bonds will beannounced later. As RBC reported earlier, the auction would take place on September 18 inconnection with a large redemption of federal bonds on that date (theFinance Ministry will redeem OFZ-27004, totaling over RUR9bn ($284.72m)).On the same day the Finance Ministry will pay off state bond couponstotaling over RUR1bn ($31.64m)..
Since the likes of the traditional Inauguration Day in the national Capitol are likely never to be witnessed again, take this opportunity from one who has been there to relate some truth about the experience