New Issue: Russia auctions RUB 10 billion of bonds at 100.5782 to yield 8.61%

By Wendy Van Sickle

Columbus, Ohio, Nov. 9 – Russia auctioned RUB 10 billion of bonds due Sept. 17, 2031, in an auction on Wednesday, according to an announcement from the Russian Ministry of Finance.

The cut-off price was 100.36 and the yield at the cut-off price was 8.63%.

The weighted average price was 100.5782 for a yield at the weighted average price of 8.61%.

Russia received bids for RUB 16.2 billion and took in net proceeds of RUB 10,139,000,000.

Issuer:	Russia
Amount:	RUB 10 billion
Net proceeds:	RUB 10,139,000,000
Maturity:	Sept. 17, 2031
Cut-off price:	100.36
Yield at cut-off price:	8.63%
Weighted average price:	100.5782
Yield at weighted average price:	8.61%
Auction date:	Nov. 9

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