By Angela McDaniels
Tacoma, Wash., Nov. 13 - Russia sold RUB 10 billion of bonds due 2016 and RUB 15 billion of bonds due 2019 at an auction on Wednesday, according to an announcement from the Russian Ministry of Finance.
The bonds due 2016 were sold at a cut-off price of 99.0875 to yield 6½%, and the bonds due 2019 were sold at a cut-off price of 98.5302 to yield 7.15%.
The yield guidance was 6.45% to 6½% for the bonds due 2016 and 7.1% to 7.15% for the bonds due 2019.
The weighted average price is 99.0954 for the bonds due 2016 and 98.6188 for the bonds due 2019, resulting in yields at the weighted average price of 6½% and 7.13%, respectively.
Russia offered RUB 10 billion of the bonds due 2016 and RUB 15 billion of the bonds due 2019. It received bids for RUB 10.11 billion of the bonds due 2016 and RUB 17.55 billion of the bonds due 2019 within the upper limits of their respective yield ranges.
| Issuer: | Russia
|
| Issue: | Bonds
|
| Amount: | RUB 25 billion
|
| Proceeds: | RUB 24,703,000,000
|
| Auction date: | Nov. 13
|
|
|
| Bonds due 2016
|
| Amount: | RUB 10 billion
|
| Net proceeds: | RUB 9.91 billion
|
| Maturity: | May 11, 2016
|
| Cut-off price: | 99.0875
|
| Yield at cut-off price: | 6½%
|
|
|
| Bonds due 2019
|
| Amount: | RUB 15 billion
|
| Net proceeds: | RUB 14,793,000,000
|
| Maturity: | May 15, 2019
|
| Cut-off price: | 98.5302
|
| Yield at cut-off price: | 7.15%
|
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