By Tali Rackner
Norfolk, Va., July 29 – Russia sold RUB 10 billion of bonds due Dec. 27, 2017 at an auction on Wednesday, according to an announcement from the Russian Ministry of Finance.
The cut-off price was 101.7, corresponding to a yield of 14.91%.
The weighted average price was 101.8379 for a yield of 14.84%.
Russia received bids for RUB 24.26 billion and took in net proceeds of about RUB 10.3 billion.
| Issuer: | Russia
|
| Amount: | RUB 10 billion
|
| Maturity: | Dec. 27, 2017
|
| Cut-off price: | 101.7
|
| Yield at cut-off price: | 14.91%
|
| Weighted average price: | 101.8379
|
| Yield at weighted average price: | 14.84%
|
| Auction date: | July 29
|
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