GKO
GKO (abbreviation for Russian: Государственное Краткосрочное Обязательство, romanized: Gosudarstvennoye Kratkosrochnoye Obyazatyelstvo, lit. 'State Short-Term Bonds') are short-term zero-coupon government bonds issued by the Russian Finance Ministry and trade on the Moscow Inter Bank Currency Exchange (MICEX), as well as on five other currency exchanges connected with the MICEX and located in large regional cities. The last GKO auction was held in February 2004.