Minfin placed OFZ issue 26225 for 14 billion rubles

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The Ministry of Finance placed OFZ (Russian government bonds) of issue 26225 for 14 billion rubles.

The demand volume for OFZ-PD of issue 26225 at the auction amounted to 25.897 billion rubles.

The offering volume was - the remainder available for placement in the specified issue.

The placed volume of the issue amounted to 13.652 billion rubles, the proceeds from the placement - 9.211 billion rubles.

The cut-off price of the bonds was set at 66.3191% of the nominal value, the weighted average price - 66.3382% of the nominal value.

The yield at the cut-off price was 14.80% per annum, at the weighted average price - 14.80% per annum.

The maturity date of OFZ issue 26225 is May 10, 2034.

The semi-annual coupon rate for the entire circulation period of the loan is 7.25% 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.