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Russia's Finance Ministry places 39.13 bln rubles of OFZ 26252 bonds at auction
En breve
Russia's Finance Ministry held an auction on 7 October for federal loan bonds of the OFZ-PD 26252 series and placed 39.13 bln rubles of the issue, TASS reported, citing demand of 134.371 bln rubles. The ministry had announced the auction a day earlier, saying it would sell the remaining volume available for placement. The series matures on 12 October 2033 and carries a 12.5% annual coupon.
Leer la noticia completa 1 min de lectura
Russia's Finance Ministry placed 39.13 bln rubles of federal loan bonds of the OFZ-PD 26252 series at its auction on 7 October, TASS reported. Demand at the auction reached 134.371 bln rubles, according to the same report. [ 3 ]
The ministry announced the auction a day earlier, saying it would sell the volume of the series remaining available for placement. According to Interfax, the bonds mature on 12 October 2033, have 15 semi-annual coupon periods and a first coupon period of 182 days, with the second coupon payment due on 21 October 2026. The coupon rate is set at 12.5% a year, or 62.33 rubles per bond for the first and the second through sixteenth coupons, Interfax reported. [ 1 ]
Vedomosti reported that the volume of satisfied bids would be determined by demand and by the premium participants requested over market yield levels, with bid entry from 12:00 to 12:30 Moscow time, the cut-off price at 14:00 and settlement on the next business day. Bids could be submitted through the Moscow Exchange and the Saint Petersburg Exchange, it said. [ 2 ]
The ministry had placed part of the same series on 16 September, Vedomosti reported: demand was 131.77 bln rubles, the placed volume was 116.74 bln rubles and 107.09 bln rubles of revenue went to the federal budget, at a weighted average yield of 16.3% and a weighted average price of 86.66% of par. A 30 September auction for OFZ series 26228 was declared failed, Vedomosti said, with the ministry citing the absence of bids at acceptable price levels. The documents do not state the yield or cut-off price at the 7 October auction. [ 2 ]
Por qué importa
The auction is part of the ministry's regular domestic borrowing programme, and the amount placed feeds directly into federal budget revenue. The result comes after part of the same series was placed in September and after a 30 September auction for a different series was declared failed, which the ministry attributed to the absence of bids at acceptable price levels.
Datos clave
- The Finance Ministry held an auction on 7 October to place OFZ-PD series 26252 in the volume of remaining bonds available for placement. [ 1 , 2 ]
- TASS reported that 39.13 bln rubles of the issue were placed and that demand reached 134.371 bln rubles. [ 3 ]
- The series matures on 12 October 2033 and has 15 semi-annual coupon periods, with the first coupon period of 182 days. [ 1 , 2 ]
- The coupon rate is 12.5% a year, or 62.33 rubles per bond for the first through sixteenth coupons, according to Interfax. [ 1 ]
- The second coupon payment date is 21 October 2026. [ 1 ]
- Part of the same series was placed on 16 September, with demand of 131.77 bln rubles and a placed volume of 116.74 bln rubles. [ 2 ]
- A 30 September auction for OFZ series 26228 was declared failed because there were no bids at acceptable price levels. [ 2 ]
Confirmado por varias fuentes
Aún sin aclarar
- The weighted average yield and cut-off price at the 7 October auction. The documents list the auction schedule and the placed volume and demand, but do not give the pricing outcome.
- How much of the remaining volume available for placement was actually sold. TASS reports 39.13 bln rubles placed, but no document states the total remaining volume offered for the series.
- Whether the earlier failure of the 30 September auction for series 26228 affected demand at this auction. Vedomosti reports the failed auction but no document links it to the 7 October result.
Qué dicen los medios locales
Cronología, hora local
- Interfax reports that the Finance Ministry will hold an OFZ 26252 auction on 7 October, with coupon terms for the series. [ 1 ]
- Vedomosti reports the auction announcement, the bidding schedule and the results of earlier placements. [ 2 ]
- Bid entry for the auction is scheduled to open. [ 2 ]
- Bid entry is scheduled to close. [ 2 ]
- Input of the cut-off price for the issue is scheduled. [ 2 ]
- TASS reports that the ministry placed 39.13 bln rubles of OFZ 26252, with demand of 134.371 bln rubles. [ 3 ]