By Tali Rackner
Norfolk, Va., Oct. 7 – Russia auctioned RUB 17.77 billion of bonds on Wednesday, according to two announcements from the Russian Ministry of Finance.
Russia accepted bids for RUB 10 billion of bonds due Jan. 29, 2020. The cut-off price was 101.575, corresponding to a yield of 14.39%. The weighted average price was 101.5821 for a yield of 14.39%.
Russia also accepted bids for RUB 7,766,000,000 of bonds due Jan. 19, 2028. The cut-off price was 78.9222, corresponding to a yield of 10.33%. The weighted average price was 79.0826 for a yield of 10.3%.
Russia offered RUB 10 billion of the bonds due 2020, received bids for RUB 37,385,000,000 and took in net proceeds of RUB 10,407,000,000.
It offered RUB 7,766,000,000 of the bonds due 2028, received bids for RUB 33,256,000,000 and took in net proceeds of RUB 6,236,000,000.
| Issuer: | Russia
|
| Issue: | Bonds
|
| Amount: | RUB 17,766,000,000
|
| Auction date: | Oct. 7
|
|
|
| Bonds due 2020
|
| Amount: | RUB 10 billion
|
| Maturity: | Jan. 29, 2020
|
| Cut-off price: | 101.575
|
| Yield at cut-off price: | 14.39%
|
| Weighted average price: | 101.5821
|
| Yield at weighted average price: | 14.39%
|
|
|
| Bonds due 2028
|
| Amount: | RUB 7,766,000,000
|
| Maturity: | Jan. 19, 2028
|
| Cut-off price: | 78.9222
|
| Yield at cut-off price: | 10.33%
|
| Weighted average price: | 79.0826
|
| Yield at weighted average price: | 10.3%
|
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