Published on 6/18/2014 in the Prospect News Emerging Markets Daily.
New Issue: Russia auctions RUB 6.34 billion of bonds due 2019 to yield 8.48%
By Marisa Wong
Madison, Wis., June 18 – Russia sold RUB 6.34 billion of bonds due 2019 at an auction on Wednesday, according to an announcement from the Russian Ministry of Finance.
The bonds were sold at a cut-off price of 93.6100 to yield 8.48%.
The weighted average price is 93.6594, resulting in a yield at the weighted average price of 8.47%.
Russia offered RUB 10 billion of the bonds and received bids for RUB 10.76 billion.
| Issuer: | Russia
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| Issue: | Bonds
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| Amount: | RUB 6,339,000,000
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| Net proceeds: | RUB 5.97 billion
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| Maturity: | May 15, 2019
|
| Cut-off price: | 93.6100
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| Yield at cut-off price: | 8.48%
|
| Auction date: | June 18
|
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