Published on 9/7/2016 in the Prospect News Emerging Markets Daily.
New Issue: Russia auctions RUB 15.67 billion of bonds in tranches due 2017, 2026
By Wendy Van Sickle
Columbus, Ohio, Sept. 7 – Russia auctioned RUB 15.67 billion of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.
Russia auctioned RUB 10.67 billion of bonds due Dec. 27, 2017. The cut-off price was 102.05, and the yield at the cut-off price was 10.08%.
The weighted average price was 102.125 for a yield at the weighted average price of 10.02%.
Russia received bids for RUB 33,282,000,000 and took in net proceeds of RUB 11,131,000,000.
It also auctioned RUB 5 billion of bonds due Sept. 16, 2026. The cut-off price was 98.91, and the yield at the cut-off price was 8.07%.
The weighted average price was 99.006 for a yield at the weighted average price of 8.05%.
Russia received bids for RUB 14,669,000,000 billion and took in net proceeds of RUB 5,025,000,000.
| Issuer: | Russia
|
| Amount: | RUB 15,667,000,000
|
| Auction date: | Sept. 7
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| 2017 bonds
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| Amount: | RUB 10,667,000,000
|
| Net proceeds: | RUB 11,131,000,000
|
| Maturity: | Dec. 27, 2017
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| Cut-off price: | 102.05
|
| Yield at cut-off price: | 10.08%
|
| Weighted average price: | 102.125
|
| Yield at weighted average price: | 10.02%
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| 2026 bonds
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| Amount: | RUB 5 billion
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| Net proceeds: | RUB 5,025,000,000
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| Maturity: | Sept. 16, 2026
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| Cut-off price: | 98.91
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| Yield at cut-off price: | 8.07%
|
| Weighted average price: | 99.006
|
| Yield at weighted average price: | 8.05%
|
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