### Russian Finance Ministry Places OFZ Bonds Series 26230 for 35 Billion Rubles
The Russian Ministry of Finance successfully placed federal loan bonds (OFZ-PD) of issue 26230 at an auction yesterday, attracting significant investor interest.
- **Total Demand**: 67.46 billion rubles
- **Offered Volume**: 255.419 billion rubles
- **Placed Volume**: 34.982 billion rubles
- **Proceeds from Placement**: 22.023 billion rubles
The bonds were priced at 61.7098% of their nominal value, with an average weighted price of 61.7536%. The yield to maturity was 14.80% for the cut-off price and 14.79% for the weighted average price.
These bonds will mature on March 16, 2039, and carry a fixed semi-annual coupon rate of 7.70% per annum for the entire circulation period.
The analysis was provided by Alexei Grishchenko, Doctor of Economics and Professor at the Department of Operational and Sectoral Management of the Higher School of Management at the Financial University under the Government of the Russian Federation.