New Issue: Russia auctions RUB 45.77 billion bonds due 2022, 2033 in two tranches

By Susanna Moon

Chicago, May 17 – Russia auctioned RUB 45,765,000,000 of bonds in two tranches on Wednesday, according to two notices from the Russian Ministry of Finance.

Russia auctioned RUB 20,765,000,000 of bonds due 2022. The cut-off price was 98.9801, and the yield at the cut-off price was 7.77%.

The weighted average price was 99.1505 for a yield at the weighted average price of 7.73%.

The issuer also auctioned RUB 25 billion of bonds due 2033. The cut-off price was 98.5011, and the yield at the cut-off price was 8.02%.

The weighted average price was 98.8427 for a yield at the weighted average price of 7.98%.

Issuer:	Russia
Amount:	RUB 45,765,000,000
Auction date:	May 17
2022 bonds
Amount:	RUB 20,765,000,000
Net proceeds:	RUB 21,031,000,000
Maturity:	Dec. 7, 2022
Cut-off price:	98.9801
Yield at cut-off price:	7.77%
Weighted average price:	99.1505
Yield at weighted average price:	7.73%
2033 bonds
Amount:	RUB 25 billion
Net proceeds:	RUB 25,191,000,000
Maturity:	March 23, 2033
Cut-off price:	98.5011
Yield at cut-off price:	8.02%
Weighted average price:	98.8427
Yield at weighted average price:	7.98%

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