New Issue: Russia auctions RUB 23.72 billion of bonds due 2022, 2031 in two parts

By Susanna Moon

Chicago, Feb. 22 – Russia auctioned RUB 23.72 billion of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.

Russia auctioned RUB 13.72 billion of bonds due Dec. 7, 2022. The cut-off price was 95.8451, and the yield at the cut-off price was 8.49%.

The weighted average price was 95.9321 for a yield at the weighted average price of 8.47%.

The issuer also auctioned RUB 10 billion of bonds due Sept. 17, 2031. The cut-off price was 102.02, and the yield at the cut-off price was 8.43%.

The weighted average price was 102.0473 for a yield at the weighted average price of 8.42%.

Issuer:	Russia
Amount:	RUB 23,718,000,000
Auction date:	Feb. 22
2022 bonds
Amount:	RUB 13,718,000,000
Net proceeds:	RUB 13,218,000,000
Maturity:	Dec. 7, 2022
Cut-off price:	95.8451
Yield at cut-off price:	8.49%
Weighted average price:	95.9321
Yield at weighted average price:	8.47%
2031 bonds
Amount:	RUB 10 billion
Net proceeds:	RUB 10,531,000,000
Maturity:	Sept. 17, 2031
Cut-off price:	102.02
Yield at cut-off price:	8.43%
Weighted average price:	102.0473
Yield at weighted average price:	8.42%

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