Average weighted yield for OFZ 26209 comes to 7.42% at auction
MOSCOW. Nov 7 (Interfax) - The average weighted price at a Wednesday auction to place federal loan bond with constant coupon yield (OFZ-PD) series 26209, set to mature on July 20, 2012, came to 102.1428% at face value, which corresponds to a yield of 7.42%, the Finance Ministry said in a statement posted on its website.
Total issues sold came to 33.405 billion rubles at face value with demand at the upper end of the set yield guidance at 45.028 billion rubles. The total offer was 35 billion rubles at face value. Auction revenue totalled 34.803 billion rubles.
The cutoff price was set at 102.0101%, which corresponds to a yield of 7.44%.
The ministry announced the yield guidance for the OFZ-PD 26209 auction came to 7.4%-7.45%.
OFZ 26209 will mature on July 20, 2022 and has 20 semiannual coupon periods. The first coupon will be paid on January 30, 2013. The first coupon rate is set at 7.6% (37.9 rubles per OFZ).