Russian MinFin sells 23.5 bln rubles in bonds at auctions
MOSCOW. Feb 6 (Interfax) - The Russian Finance Ministry sold just over 23.5 billion rubles of the 30 billion rubles in federal bonds that it offered at two auctions on February 6.
The ministry said on its website that the average weighted price for constant-coupon federal bonds series OFZ-PD 26212 was 100.665% or 7.1% pa. Demand was 14.819 billion rubles at face value. The ministry offered 10 billion rubles at face value and sold 10 billion rubles, raising 10.094 billion rubles.
The cut-off price was 100.3%, corresponding to yield of 7.14%.
The average weighted price for the shorter constant-coupon federal bonds series OFZ-PD 25081 at a second auction on February 6 was 100.1067% or 6.27% pa. Demand was 13.551 billion rubles at face value. The ministry offered 20 billion rubles at face value and sold 13.551 billion rubles, raising 13.565 billion rubles.
The cut-off price was 99.969%, corresponding to yield of 6.3%.
Yield guidance for the auctions was 7.1-7.15% for the OFZ-PD 26212 and 6.2-6.3% for the OFZ-PD 25081.
The OFZ-PD 26212 mature on January 19, 2028 and have 30 semi-annual coupons at 7.05% pa.
The OFZ-PD 25081 mature on January 31, 2018 and have 10 semi-annual coupons at 6.2% pa.