Average weighted yield for OFZ 25079 comes to 7.62% at auction
MOSCOW. June 6 (Interfax) - The average weighted price at a Wednesday auction for the placement of Federal Loan Bond with constant coupon yield (OFZ-PD) series 25079 slated to mature on June 3, 2015 came to 98.7203% with yield at 7.62%, Russia's Finance Ministry said in a statement.
Total sales of the series came to 8.711 billion rubles at face value with demand at 18.831 billion rubles. The total offer came to 10 billion rubles at face value. Revenue from the auction came to 8.6 billion rubles.
The cutoff price was set at 98.67% with yield at 7.64%.
The ministry's yield guidance at the placement of OFZ-PD 25079 came to 7.55%-7.65%.
OFZ-PD 25079 has eight coupon periods. The third coupon will be paid on December 5, 2012. The coupon rate has been set at 7%.