New Issue: Russia auctions RUB 18.97 billion of bonds in two tranches

By Sarah Lizee

Olympia, Wash., June 13 – Russia auctioned RUB 18,967,000,000 of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.

Russia auctioned RUB 8,888,000,000 of bonds due Dec. 15, 2021. The cut-off price was 100 and the yield at the cut-off price was 7.12%.

The weighted average price was 100.0429 for a yield at the weighted average price of 7.11%.

Russia received bids for RUB 18,066,000,000 and took in net proceeds of RUB 9,309,000,000.

It also auctioned RUB 10,079,000,000 of bonds due Feb. 2, 2028. The cut-off price was 96.51 and the yield at the cut-off price was 2.94%.

The weighted average price was 96.6452 for a yield at the weighted average price of 2.92%.

Russia received bids for RUB 13,093,000,000 and took in net proceeds of RUB 9,799,000,000.

Issuer:	Russia
Amount:	RUB 18,967,000,000
Auction date:	June 13
2021 bonds
Amount:	RUB 8,888,000,000
Net proceeds:	RUB 9,309,000,000
Maturity:	Dec. 15, 2021
Cut-off price:	100
Yield at cut-off price:	7.12%
Weighted average price:	100.0429
Yield at weighted average price:	7.11%
2028 bonds
Amount:	RUB 10,079,000,000
Net proceeds:	RUB 9,799,000,000
Maturity:	Feb. 2, 2028
Cut-off price:	96.51
Yield at cut-off price:	2.94%
Weighted average price:	96.6452
Yield at weighted average price:	2.92%

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