The Ministry of Finance has placed OFZ issue 26246 for 96.4 billion rubles

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The Ministry of Finance has placed OFZS of issue 26246 for 96.4 billion rubles.

The volume of demand for federal loan bonds of issue 26246 (OFZ-PD) at the auction amounted to 133.413 billion rubles.

The placed volume of the issue amounted to 96.360 billion rubles, the proceeds from the placement amounted to 82.874 billion rubles.

The cut-off price of the bonds was set at 85.1750% of face value, the weighted average price was 85.2815% of face value.

The yield at the cut-off price was 15.39% per annum, at the weighted average price - 15.36% per annum.

The maturity date of OFZ issue 26246 is March 12, 2036. The semi-annual coupon rate for the entire term of the securities is 12.00% per annum.

The review was presented by Alexey Grishchenko, Doctor of Economics, Professor of the Department of Operational and Industry Management at the Faculty of Higher School of Management at the Financial University under the Government of the Russian Federation.