By Tanya Meyer
Chicago, Feb. 10 – The Ministry of Finance of the Russian Federation auctioned RUB 25 billion of government bonds in two tranches on Wednesday.
The ministry sold RUB 15 billion of government bonds due Jan. 29, 2025 to yield 11.94%.
The bonds priced at a cut off price of 103.8505 to yield 11.96% with a weighted average price of 103.9333 and a yield at the weighted average price of 11.94%.
The bid volume in notional terms was RUB 42.151 billion, while the volume placed in notional terms was RUB 15 billion.
Government bonds due Feb. 3, 2027 were also auctioned at RUB 10 billion to yield 10.3%.
The bonds priced at a cut off price of 87.31 to yield 10.34% with a weighted average price of 87.5434 and a yield at the weighted average price of 10.3%.
The bid volume in notional terms was RUB 46.159 billion, while the volume placed in notional terms was RUB 10 billion.
| Issuer: | Ministry of Finance of the Russian Federation
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| Issue: | Government bonds
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| Auction date: | Feb. 10
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| Bonds due 2021
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| Amount: | RUB 15 billion
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| Maturity: | Jan. 29, 2025
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| Weighted average price: | 103.9333
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| Weighted average yield: | 11.94%
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| Bonds due 2023
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| Amount: | RMB 10 billion
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| Maturity: | Feb. 3, 2027
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| Weighted average price: | 87.5434
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| Weighted average yield: | 10.3%
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