Russian Finance Ministry places OFZ bonds worth 15 billion rubles

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Yesterday, the Russian Ministry of Finance placed federal loan bonds (OFZ) of issue 26228 for 15 billion rubles.

The demand for federal loan bonds (OFZ-PD) of issue 26228 at the auction amounted to 56.941 billion rubles.

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

The placed volume of the issue amounted to 14.950 billion rubles, with proceeds from the placement totaling 12.252 billion rubles.

The cut-off price for the bonds was set at 79.8112% of the nominal value, and the weighted average price was 79.8785% of the nominal value.

The yield at the cut-off price was 14.66% per annum, and at the weighted average price it was 14.64% per annum.

The maturity date for OFZ issue 26228 is April 10, 2030.

The semi-annual coupon rate for the entire circulation period is 7.65% per annum.

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