By Toni Weeks
San Luis Obispo, Calif., May 20 – Russia sold a total of RUB 20 billion of bonds at auctions on Wednesday, according to announcements from the Russian Ministry of Finance.
Russia sold RUB 10 billion of bonds due December 2017. The cut-off price was 99.75, and the yield at the cut-off price is 11.3%.
The weighted average price was 99.753 for a yield at the weighted average price of 11.3%.
Russia offered RUB 10 billion of the 2017 bonds and received bids for RUB 42.5 billion.
Russia also sold RUB 10 billion of bonds due January 2028. The cut-off price was 77.15, and the yield at the cut-off price is 10.58%.
The weighted average price was 77.2647 for a yield at the weighted average price of 10.56%.
Russia offered RUB 10 billion of the 2028 bonds and received bids for RUB 33.28 billion.
| Issuer: | Russia
|
| Issue: | Bonds
|
| Amount: | RUB 20 billion
|
| Auction date: | May 20
|
|
|
| 2017 bonds
|
| Amount: | RUB 10 billion
|
| Maturity: | Dec. 27, 2017
|
| Cut-off price: | 99.75
|
| Yield at cut-off price: | 11.3%
|
| Weighted average price: | 99.753
|
| Yield at weighted average price: | 11.3%
|
|
|
| 2028 bonds
|
| Amount: | RUB 10 billion
|
| Maturity: | Jan. 19, 2028
|
| Cut-off price: | 77.15
|
| Yield at cut-off price: | 10.58%
|
| Weighted average price: | 77.2647
|
| Yield at weighted average price: | 10.56%
|
|
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