By Sarah Lizee
Olympia, Wash., Jan. 24 – Russia auctioned RUB 40 billion of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.
Russia auctioned RUB 25 billion of bonds due Dec. 15, 2021. The cut-off price was 100.31 and the yield at the cut-off price was 7.01%.
The weighted average price was 100.3861 for a yield at the weighted average price of 6.99%.
Russia received bids for RUB 83,119,000,000 and took in net proceeds of RUB 25.6 billion.
It also auctioned RUB 15 billion of bonds due Jan. 19, 2028. The cut-off price was 98.33 and the yield at the cut-off price was 7.42%.
The weighted average price was 98.336 for a yield at the weighted average price of 7.42%.
Russia received bids for RUB 53,078,000,000 and took in net proceeds of RUB 15,257,000,000.
| Issuer: | Russia
|
| Amount: | RUB 40 billion
|
| Auction date: | Jan. 24
|
|
|
| 2021 bonds
|
| Amount: | RUB 25 billion
|
| Net proceeds: | RUB 25.6 billion
|
| Maturity: | Dec. 15, 2021
|
| Cut-off price: | 100.31
|
| Yield at cut-off price: | 7.01%
|
| Weighted average price: | 100.3861
|
| Yield at weighted average price: | 6.99%
|
|
|
| 2028 bonds
|
| Amount: | RUB 15 billion
|
| Net proceeds: | RUB 15,257,000,000
|
| Maturity: | Jan. 19, 2028
|
| Cut-off price: | 98.33
|
| Yield at cut-off price: | 7.42%
|
| Weighted average price: | 98.336
|
| Yield at weighted average price: | 7.42%
|
|
|
|
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