Russian Finance Ministry places OFZ bonds worth 73.5 bln rubles, demand at 187.3 bln rubles

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Russian Ministry of Finance placed OFZ bonds (Russian government bonds) of issue 26245 for 73.5 billion rubles with demand at 187.3 billion rubles.

The placed volume of the issue amounted to 73.479 billion rubles, while the revenue from the placement was 59.574 billion rubles.

The cut-off price for the bonds was set at 80.8113% of the nominal value, and the weighted average price was 80.8138% of the nominal value.

The yield at the cut-off price was 16.77% per annum, and the yield at the weighted average price was also 16.77% per annum.

The maturity date for OFZ bonds of issue 26245 is September 26, 2035.

The coupon rate for the entire circulation period of the bonds is set at 12.00% per annum.

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