15 Feb 2012 14:21

Russian MinFin sells nearly all bonds at auction

MOSCOW. Feb 15 (Interfax) - The Russian Finance Ministry sold 18.824 billion rubles of the 20 billion rubles in constant-coupon federal bonds series OFZ-PD 26206 that it offered at an auction on February 15.

The ministry said on its website that the average weighted price was 100.2945% or 7.49% pa. Demand was 27.253 billion rubles at face value. The Finance Ministry raised 19.076 billion rubles.

The cut-off price was 100.1227%, corresponding to yield of 7.5%.

The MinFin gave yield guidance of 7.45-7.5% ahead of the auction.

The bonds, which mature on June 14, 2017, have 12 semi-annual coupons at 7.4% pa.