New Issue: Russia sells RUB 22.14 billion bonds in two parts, yields 10.68%, 8.85%

By Wendy Van Sickle

Columbus, Ohio, May 18 – Russia auctioned RUB 22.14 billion of bonds in two tranches on Wednesday, according to two term sheets.

Russia auctioned RUB 9.37 billion of bonds due 2017. The cut-off price was 102.25, and the yield at the cut-off price was 10.68%.

The weighted average price was 102.3209 for a yield at the weighted average price of 10.63%.

Russia also auctioned RUB 12.77 billion of bonds due 2027. The cut-off price was 96.25, and the yield at the cut-off price was 8.88%.

The weighted average price was 96.4416 for a yield at the weighted average price of 8.85%.

Issuer:	Russia
Issue:	Bonds
Amount:	RUB 22.14 billion
Auction date:	May 18
2017 bonds
Amount:	RUB 9,374,000,000
Maturity:	Dec. 27, 2017
Cut-off price:	102.25
Yield at cut-off price:	10.68%
Weighted average price:	102.3209
Yield at weighted average price:	10.63%
2027 bonds
Amount:	RUB 12,766,000,000
Maturity:	Feb. 3, 2027
Cut-off price:	96.25
Yield at cut-off price:	8.88%
Weighted average price:	96.4416
Yield at weighted average price:	8.85%

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