By Sarah Lizee
Olympia, Wash., March 14 – 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 20 billion of bonds due Feb. 28, 2024. The cut-off price was 98.8675 and the yield at the cut-off price was 6.84%.
The weighted average price was 98.9051 for a yield at the weighted average price of 6.84%.
Russia received bids for RUB 38.48 billion and took in net proceeds of RUB 19,856,000,000.
It also auctioned RUB 20 billion of bonds due May 10, 2034. The cut-off price was 100.016 and the yield at the cut-off price was 7.38%.
The weighted average price was 100.0928 for a yield at the weighted average price of 7.37%.
Russia received bids for RUB 44,536,000,000 and took in net proceeds of RUB 20,102,000,000.
| Issuer: | Russia
|
| Amount: | RUB 40 billion
|
| Auction date: | March 14
|
|
|
| 2024 bonds
|
| Amount: | RUB 20 billion
|
| Net proceeds: | RUB 19,856,000,000
|
| Maturity: | Feb. 28, 2024
|
| Cut-off price: | 98.8675
|
| Yield at cut-off price: | 6.84%
|
| Weighted average price: | 98.9051
|
| Yield at weighted average price: | 6.84%
|
|
|
| 2034 bonds
|
| Amount: | RUB 20 billion
|
| Net proceeds: | RUB 20,102,000,000
|
| Maturity: | May 10, 2034
|
| Cut-off price: | 100.016
|
| Yield at cut-off price: | 7.38%
|
| Weighted average price: | 100.0928
|
| Yield at weighted average price: | 7.37%
|
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