Minfin placed OFZ bonds for 21.4 billion rubles

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The Ministry of Finance placed OFZ bonds for 21.4 billion rubles.

The demand volume for OFZ-PD issue 26254 at the auction amounted to 37.610 billion rubles.

The offer volume was the remaining amount available for placement in the specified issue.

The placed volume of the issue amounted to 21.372 billion rubles, the proceeds from the placement - 20.038 billion rubles.

The bond cut-off price was set at 92.3000% of the nominal value, the weighted average price - 92.4737% of the nominal value. The yield at the cut-off price was 14.76% per annum, at the weighted average price - 14.73% per annum.

The repayment date for OFZ issue 26254 is October 3, 2040. The coupon rate for the entire term of the loan is 13.00% per annum.

Overview presented by Alexey Grishchenko, Doctor of Economics, Professor of the Department of Operational and Sectoral Management of the Faculty "Higher School of Management" of the Financial University under the Government of the Russian Federation.