New Issue: Russia auctions RUB 25 billion of bonds in two tranches due 2024, 2033

By Sarah Lizee

Olympia, Wash., Nov. 8 – Russia’s Ministry of Finance auctioned RUB 25 billion of bonds in two tranches on Wednesday, according to two issuer announcements.

Russia sold RUB 15 billion of bonds due Oct. 16, 2024 with a cut-off price of 97.5 and a yield at the cut-off of 7.71%.

The weighted average price was 97.6144 for a yield at the weighted average price of 7.69%.

The ministry also sold RUB 10 billion of bonds due March 23, 2033 with a cut-off price of 99.96 and a yield at the cut-off of 7.85%.

The weighted average price was 100.0169 for a yield at the weighted average price of 7.84%.

Issuer:	Russia
Amount:	RUB 25 billion
Auction date:	Nov. 8
Bonds due 2024
Amount:	RUB 15 billion
Net proceeds:	RUB 12,329,000,000
Maturity:	Oct. 16, 2024
Cut-off price:	97.5
Yield at cut-off price:	7.71%
Weighted average price:	97.6144
Yield at weighted average price:	7.69%
Bonds due 2033
Amount:	RUB 10 billion
Net proceeds:	RUB 10,061,000,000
Maturity:	March 23, 2033
Cut-off price:	99.96
Yield at cut-off price:	7.85%
Weighted average price:	100.0169
Yield at weighted average price:	7.84%

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