Russian Finance Ministry places OFZ bonds issue 26254 for 33 billion rubles
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Russian Ministry of Finance Issues OFZ-26254 Bonds for 32.87 Billion Rubles
The auction for federal loan bonds (OFZ-PD) issue 26254 saw a total demand of 70.771 billion rubles.
The offering amount was equal to the remaining balance available for placement in this issue.
The final placement volume reached 32.87 billion rubles, generating proceeds of 32.179 billion rubles.
The cut-off price for the bonds was set at 91.8441% of the nominal value, with an average weighted price of 91.8778%.
Yield at the cut-off price was 14.86% per annum, while the yield at the average weighted price was also 14.86% per annum.
Maturity date for OFZ issue 26254 is October 3, 2040.
The coupon rate remains fixed at 13.00% per annum for the entire circulation period.
Reviewed by Alexey Grishchenko, Ph.D., Professor of Operational and Sectoral Management at the Higher School of Management, Financial University under the Government of the Russian Federation.