The Ministry of Finance declared the OFZ auction invalid due to the lack of bids with acceptable prices
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The Russian Ministry of Finance declared the unlimited auction of federal loan bonds with indexed par value (OFZ-IN) invalid due to the lack of bids at “acceptable price levels”, reported press office Ministry of Finance.
The agency wanted to place OFZ-IN 52005 at the auction with maturity on May 11, 2033 in the amount of balances available for placement in the issue (342.82 billion rubles). For the first time, these bonds were offered at an auction on March 15 and were placed for 7.27 billion rubles. at a weighted average price of 95.3% and a yield of 3.06%.
Today, March 22, successfully passed unlimited auction for the placement of OFZ-PD 26242 with a constant coupon income. The placed volume of the issue amounted to 15.3 billion rubles, the cut-off price was 95.5% of the face value, and the weighted average yield was 10.18% per annum, the Ministry of Finance reported.
On February 22, the Ministry of Finance also declared void the unlimited auction for the placement of OFZs with a constant coupon income of the 26240 series maturing in July 2036 due to the lack of bids at “acceptable price levels”.
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