New Issue: Russia auctions RUB 20.07 billion of bonds in tranches due 2019, 2025

By Susanna Moon

Chicago, Nov. 16 – Russia auctioned RUB 20,066,000,000 of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.

Russia auctioned RUB 10 billion of bonds due May 15, 2019. The cut-off price was 95.56, and the yield at the cut-off price was 8.91%.

The weighted average price was 95.5864 for a yield at the weighted average price of 8.9%.

Russia received bids for RUB 29,623,000,000 and took in net proceeds of RUB 9,559,000,000.

The issuer also auctioned RUB 10,066,000,000 of bonds due Jan. 29, 2025. The cut-off price was 105.5563, and the yield at the cut-off price was 11.15%.

The weighted average price was 105.6327 for a yield at the weighted average price of 11.13%.

Russia received bids for RUB 16,813,000,000 and took in net proceeds of RUB 10,955,000,000.

Issuer:	Russia
Amount:	RUB 20,066,000,000
Auction date:	Nov. 16
2019 bonds
Amount:	RUB 10 billion
Net proceeds:	RUB 9,559,000,000
Maturity:	May 15, 2019
Cut-off price:	95.56
Yield at cut-off price:	8.91%
Weighted average price:	95.5864
Yield at weighted average price:	8.9%
2025 bonds
Amount:	RUB 10,066,000,000
Net proceeds:	RUB 10,955,000,000
Maturity:	Jan. 29, 2025
Cut-off price:	105.5563
Yield at cut-off price:	11.15%
Weighted average price:	105.6327
Yield at weighted average price:	11.13%

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