By Sarah Lizee
Olympia, Wash., Feb. 28 – Russia auctioned RUB 50 billion of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.
Russia auctioned RUB 25 billion of bonds due Feb. 28, 2024. The cut-off price was 98.81 and the yield at the cut-off price was 6.86%.
The weighted average price was 98.9916 for a yield at the weighted average price of 6.82%.
Russia received bids for RUB 74,129,000,000 and took in net proceeds of RUB 24,779,000,000.
It also auctioned RUB 25 billion of bonds due May 10, 2034. The cut-off price was 99.76 and the yield at the cut-off price was 7.41%.
The weighted average price was 99.836 for a yield at the weighted average price of 7.4%.
Russia received bids for RUB 66.21 billion and took in net proceeds of RUB 24,994,000,000.
| Issuer: | Russia
|
| Amount: | RUB 50 billion
|
| Auction date: | Feb. 28
|
|
|
| 2024 bonds
|
| Amount: | RUB 25 billion
|
| Net proceeds: | RUB 24,779,000,000
|
| Maturity: | Feb. 28, 2024
|
| Cut-off price: | 98.81
|
| Yield at cut-off price: | 6.86%
|
| Weighted average price: | 98.9916
|
| Yield at weighted average price: | 6.82%
|
|
|
| 2034 bonds
|
| Amount: | RUB 25 billion
|
| Net proceeds: | RUB 24,994,000,000
|
| Maturity: | May 10, 2034
|
| Cut-off price: | 99.76
|
| Yield at cut-off price: | 7.41%
|
| Weighted average price: | 99.836
|
| Yield at weighted average price: | 7.4%
|
|
|
|
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