Russian Finance Ministry places OFZ bonds worth 27.2 billion rubles
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Russian Ministry of Finance places OFZ bonds worth 27.2 billion rubles
The demand for federal loan bonds (OFZ-PD) of issue 26253 at the auction amounted to 104.83 billion rubles.
The offering volume was the remaining amount available for placement in the specified issue.
The placed volume of the issue amounted to 27.18 billion rubles, the proceeds from the placement - 26.44 billion rubles.
The cut-off price for the bonds was set at 92.7450% of the nominal value, the weighted average price - 92.7557% of the nominal value.
The yield at the cut-off price was 14.75% per annum, at the weighted average price - 14.75% per annum.
The maturity date of OFZ issue 26253 is October 6, 2038.
The coupon rate for the entire circulation period is 13.00% per annum.
Overview provided by Alexey Grishchenko, Ph.D., Professor of the Department of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.