Russian Finance Ministry places OFZ-PD bonds worth 51 billion rubles

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Russian Ministry of Finance places OFZ-PD issue 26230 for 51 billion rubles.

The demand for federal loan bonds (OFZ-PD) issue 26230 at the auction amounted to 74.558 billion rubles.

The offering volume was equal to the remaining amount available for placement in the specified issue.

The placed volume of the issue amounted to 50.861 billion rubles, the proceeds from the placement - 32.601 billion rubles.

The cut-off price for the bonds was set at 61.6841% of the nominal value, the weighted average price - 61.7155% of the nominal value.

The yield at the cut-off price was 14.71% per annum, at the weighted average price - 14.71% per annum.

The maturity date of OFZ issue 26230 is March 16, 2039.

The semi-annual coupon rate for the entire circulation period is 7.70% per annum.

Overview presented by Yulia Grishchenko, member of the Expert Council on Listing of Moscow Exchange, Ph.D. in Economics, Head of the Department of Financial and Investment Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.