Demand for new OFZ exceeded supply twice
The Ministry of Finance of Russia following the auction on Wednesday placed federal loan bonds with a permanent coupon income of the PD-26249 series in the amount of 113.5 billion rubles at par. The demand for securities exceeded the supply almost twice and amounted to 215.2 billion rubles.
The Ministry of Finance of Russia following the auction on Wednesday placed federal loan bonds with a permanent coupon income of the PD-26249 series in the amount of 113.5 billion rubles at par. The demand for securities exceeded the supply almost twice and amounted to 215.2 billion rubles.
The cut-off price was 83.13% of the face value. The weighted average price is 83.1328% of the face value. The yield on the cut-off price and the weighted average yield were recorded at the same level - 16.14% per annum. The issue maturity date is June 16, 2032. There will be no additional accommodation.
Later today, the Ministry of Finance will hold another auction. It will offer OFZ with a permanent coupon income series 26253 with maturity on October 6, 2038. The scope of the offer will be limited to the balances available for placement in this issue. The parameters of the placement will be disclosed by the Ministry following the auction.
