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OFZ-PD 26248 (SU26248RMFS3)
Federal government bondChart
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Coupons and maturity
- Bond type
- OFZ (federal loan bond)
- Face currency
- RUB
- Maturity
- 16/05/2040
- Days to maturity
- 4,943
- Coupon frequency
- Semi-annual
- Coupon type
- Fixed
- Next coupon
- 02/12/2026
Notable price moves
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Calculate and ask
Reference
On November 2, 2026 the bond OFZ-PD 26248 (SU26248RMFS3) trades at 79.64 % of its face value (1,000 ₽), −0.33 % on the day. The yield to maturity is 16.56 % a year; the median across OFZ treasury bonds in the same currency is 15.97 %. The coupon is 12.25 % a year, paid twice a year; the next payment is due on December 2, 2026. It matures on May 16, 2040, in 13.5 years. The duration is 5.8 years. If the yield rises by one percentage point, the price falls by about 5.0 %.
Russian federal loan bonds (OFZ)
OFZ are issued by the Ministry of Finance of Russia on behalf of the state. They are the most creditworthy rouble debt on the domestic market: the obligations are backed by the federal budget, and OFZ yields serve as the benchmark against which every other rouble issue is priced. The gap between a corporate bond's yield and that of an OFZ of the same maturity is the credit spread — what the investor is paid for taking on a particular issuer's risk.
OFZ are placed at auctions held by the Ministry on a schedule published quarterly. The auction sets the price at which the state raises money; from then on the issue trades on the exchange and its price follows ordinary market forces. The issuer cannot redeem an OFZ early — these issues carry no put option.
Several varieties exist and they behave differently. Fixed-coupon OFZ pay a rate known for the entire term and pass every change in interest rates through to the price. Floating-coupon OFZ tie the coupon to the RUONIA rate, so their price stays near par while income rises with rates. Inflation-linked OFZ index the face value itself. Amortising OFZ repay the face value in instalments on a set schedule.
Questions and answers
How much does OFZ-PD 26248 (SU26248RMFS3) cost?
The last trade price is 79.64 % of face value as of 02/11/2026, 23:50 MSK.
OFZ-PD 26248: what is the yield to maturity?
The yield to maturity on SU26248RMFS3 is 16.56 % a year. It is calculated from the last traded price and accounts for every remaining coupon together with the return of face value, which is why it differs from the coupon rate.
When does OFZ-PD 26248 mature?
The face value is returned on 16 May 2040, which is 14 years from today. Trading in the issue stops on the maturity date and the money is credited to the holder's brokerage account.