New Issue: Russia auctions RUB 4.63 billion five-year bonds to yield 8.63%

By Angela McDaniels

Tacoma, Wash., May 28 - Russia sold RUB 4.63 billion of bonds due 2019 at an auction on Wednesday, according to an announcement from the Russian Ministry of Finance.

The cut-off price is 93.0001, and the yield at the cut-off price is 8.63%.

The weighted average price is 93.0441, resulting in a yield at the weighted average price of 8.62%.

Russia offered RUB 10 billion of the bonds and received bids for RUB 10.64 billion.

Issuer:	Russia
Issue:	Bonds
Amount:	RUB 4,634,000,000
Net proceeds:	RUB 4,318,000,000
Maturity:	May 15, 2019
Cut-off price:	93.0001
Yield at cut-off price:	8.63%
Weighted average price:	93.0441
Yield at weighted average price:	8.62%
Auction date:	May 28

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