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Published on 6/18/2009 in the Prospect News Emerging Markets Daily.

New Issue: Russian Ministry of Finance sells RUB 10 billion bonds to yield 11.99%

By Richard Connell

New York, June 18 - The Ministry of Finance of the Russian Federation auctioned RUB 10 billion of bonds due Jan. 18, 2012 to yield 11.99% on Wednesday.

The bonds priced at a cut off price of 100.902 to yield 11.99% with a weighted average price of 101.0883 and a yield at the weighted average price of 11.9%.

The bid volume in nominal terms was RUB 15.397 billion while the volume placed in nominal terms was RUB 9,976,900,000.

Issuer:Ministry of Finance of the Russian Federation
Issue:Government bonds
Amount:RUB 10 billion
Maturity:Jan. 18, 2012
Cut off price:100.902
Yield:11.99%
Auction date:June 17

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