New Issue: Russia sells RUB 15 billion 15-year bonds at 102.815 to yield 8.34%

By Tali Rackner

Norfolk, Va., Aug. 31 – Russia auctioned RUB 15 billion of bonds due Sept. 17, 2031, in an auction on Wednesday, according to an announcement from the Russian Ministry of Finance.

The cut-off price was 102.815 and the yield at the cut-off price was 8.34%.

The weighted average price was 102.9332 for a yield at the weighted average price of 8.32%.

Russia received bids for RUB 35,917,000,000 and took in net proceeds of RUB 15,953,000,000.

Issuer:	Russia
Amount:	RUB 15 billion
Net proceeds:	RUB 15,953,000,000
Maturity:	Sept. 17, 2031
Cut-off price:	102.815
Yield at cut-off price:	8.34%
Weighted average price:	102.9332
Yield at weighted average price:	8.32%
Auction date:	Aug. 31

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.