By Sarah Lizee
Olympia, Wash., March 28 – Russia auctioned RUB 30 billion of bonds in two tranches on Wednesday, according to two announcements from the Russian Ministry of Finance.
Russia auctioned RUB 20 billion of bonds due Feb. 28, 2024. The cut-off price was 99.131 and the yield at the cut-off price was 6.79%.
The weighted average price was 99.2113 for a yield at the weighted average price of 6.77%.
Russia received bids for RUB 46,902,000,000 and took in net proceeds of RUB 19,967,000,000.
It also auctioned RUB 10 billion of bonds due May 10, 2034. The cut-off price was 99.881 and the yield at the cut-off price was 7.4%.
The weighted average price was 99.912 for a yield at the weighted average price of 7.39%.
Russia received bids for RUB 28,477,000,000 and took in net proceeds of RUB 10,061,000,000.
| Issuer: | Russia
|
| Amount: | RUB 30 billion
|
| Auction date: | March 28
|
|
|
| 2024 bonds
|
| Amount: | RUB 20 billion
|
| Net proceeds: | RUB 19,967,000,000
|
| Maturity: | Feb. 28, 2024
|
| Cut-off price: | 99.131
|
| Yield at cut-off price: | 6.79%
|
| Weighted average price: | 99.2113
|
| Yield at weighted average price: | 6.77%
|
|
|
| 2034 bonds
|
| Amount: | RUB 10 billion
|
| Net proceeds: | RUB 10,061,000,000
|
| Maturity: | May 10, 2034
|
| Cut-off price: | 99.881
|
| Yield at cut-off price: | 7.4%
|
| Weighted average price: | 99.912
|
| Yield at weighted average price: | 7.39%
|
|
|
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