Russian Finance Ministry places OFZ bonds issue 26249 for 113.5 billion rubles

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Russian Ministry of Finance Issues OFZ Bonds (Russian Government Bonds) Series 26249 for 113.5 Billion Rubles

The total amount issued was 113.472 billion rubles, with proceeds from the placement amounting to 97.479 billion rubles.

The cut-off price for the bonds was set at 83.1300% of the nominal value, and the weighted average price was 83.1328% of the nominal value.

The yield at the cut-off price was 16.14% per annum, and the yield at the weighted average price was also 16.14% per annum.

The maturity date for the OFZ bonds series 26249 is June 16, 2032.

The coupon rate for the entire circulation period is set at 11.00% per annum.

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