Russian Finance Ministry places OFZ bonds issue 26252 for 102.2 billion rubles

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Russian Ministry of Finance places OFZ-26252 bonds worth 102.2 billion rubles

The auction for the federal loan bonds (OFZ-PD) issue 26252 saw a demand volume of 136.772 billion rubles.

The offering amount was equal to the remaining balance available for placement in this issue.

The placed volume of the issue amounted to 102.210 billion rubles, with proceeds from the placement totaling 98.471 billion rubles.

The cut-off price for the bonds was set at 91.9476% of the nominal value, while the weighted average price was 91.9930% of the nominal value.

The yield at the cut-off price was 14.76% per annum, and at the weighted average price - 14.75% per annum.

The maturity date for the OFZ-26252 issue is October 12, 2033.

The coupon rate for the entire circulation period is fixed at 12.50% per annum.

Overview provided 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.