Russian Ministry of Finance pegs borrowing to inflation

RUSSIA / FSU POLITICS - In Brief 12 Dec 2018 by Alex Teddy
As of 19 December the Ministry of Finance will issue inflation linked Rubles denominated debt OFZs on a monthly basis. There is a growing demand for bonds linked to inflation. This is because economic uncertainty makes investors want to ensure that the value of their returns are not diminished by inflation. A bond's principal and interest payments will be indexed to inflation. Inflation proof bonds could prove very popular. The Ministry of Finance has been issuing OFZs for some time. VAT increases next year may cause a sharp increase in prices. This explaining the timing of this demarche.

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