Published on 2/14/2018 in the Prospect News Emerging Markets Daily.
New Issue: Russia auctions RUB 44.26 billion of bonds in two tranches
By Tali Rackner
Minneapolis, Feb. 14 – Russia auctioned RUB 44.26 billion of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.
Russia auctioned RUB 20 billion of bonds due Oct. 16, 2024. The cut-off price was 101.2701, and the yield at the cut-off price was 6.97%.
The weighted average price was 101.3051 for a yield at the weighted average price of 6.97%.
Russia received bids for RUB 55,222,000,000 and took in net proceeds of RUB 20,697,000,000.
It also auctioned RUB 24,259,000,000 of bonds due March 23, 2033. The cut-off price was 103.8405, and the yield at the cut-off price was 7.41%.
The weighted average price was 103.8867 for a yield at the weighted average price of 7.4%.
Russia received bids for RUB 78,827,000,000 and took in net proceeds of RUB 25,847,000,000.
| Issuer: | Russia
|
| Amount: | RUB 44,259,000,000
|
| Auction date: | Feb. 14
|
|
|
| 2024 bonds
|
| Amount: | RUB 20 billion
|
| Net proceeds: | RUB 20,697,000,000
|
| Maturity: | Oct. 16, 2024
|
| Cut-off price: | 101.2701
|
| Yield at cut-off price: | 6.97%
|
| Weighted average price: | 101.3051
|
| Yield at weighted average price: | 6.97%
|
|
|
| 2033 bonds
|
| Amount: | RUB 24,259,000,000
|
| Net proceeds: | RUB 25,847,000,000
|
| Maturity: | March 23, 2033
|
| Cut-off price: | 103.8405
|
| Yield at cut-off price: | 7.41%
|
| Weighted average price: | 103.8867
|
| Yield at weighted average price: | 7.4%
|
|
|
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