New Issue: Russia auctions RUB 18.07 billion of bonds in tranches due 2025, 2031

By Wendy Van Sickle

Columbus, Ohio, Sept. 21 – Russia auctioned RUB 18.07 billion of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.

Russia auctioned RUB 12 billion of bonds due Jan. 29, 2025. The cut-off price was 105.46, and the yield at the cut-off price was 11.18%.

The weighted average price was 105.5102 for a yield at the weighted average price of 11.17%.

Russia received bids for RUB 36,959,000,000 and took in net proceeds of RUB 12,826,000,000.

It also auctioned RUB 6.07 billion of bonds due Sept. 17, 2031. The cut-off price was 102.81, and the yield at the cut-off price was 8.34%.

The weighted average price was 102.8628 for a yield at the weighted average price of 8.33%.

Russia received bids for RUB 29.38 billion and took in net proceeds of RUB 6,483,000,000.

Issuer:	Russia
Amount:	RUB 18,071,000,000
Auction date:	Sept. 21
2025 bonds
Amount:	RUB 12 billion
Net proceeds:	RUB 12,826,000,000
Maturity:	Jan. 29, 2025
Cut-off price:	105.46
Yield at cut-off price:	11.18%
Weighted average price:	105.5102
Yield at weighted average price:	11.17%
2031 bonds
Amount:	RUB 6,071,000,000
Net proceeds:	RUB 6,483,000,000
Maturity:	Sept. 17, 2031
Cut-off price:	102.81
Yield at cut-off price:	8.34%
Weighted average price:	102.8628
Yield at weighted average price:	8.33%

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