New Issue: Russia auctions RUB 9.44 billion six-year bonds to yield 8.37%

By Susanna Moon

Chicago, July 9 – Russia sold RUB 9.44 billion of bonds due May 27, 2020 at an auction on Wednesday, according to an announcement from the Russian Ministry of Finance.

The cut-off price is 91.7111, and the yield at the cut-off price is 8.37%.

The weighted average price is 91.7716, resulting in a yield at the weighted average price of 8.35%.

Russia offered RUB 10 billion of the bonds and received bids for RUB 17.15 billion.

Issuer:	Russia
Issue:	Bonds
Amount:	RUB 9,442,000,000
Proceeds:	RUB 8,723,000,000
Maturity:	May 27, 2020
Cut-off price:	91.7111
Yield at cut-off price:	8.37%
Weighted average price:	91.7716
Yield at weighted average price:	8.35%
Auction date:	July 9

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