The Ministry of Finance placed almost 60 billion rubles worth of federal loan bonds at two auctions – Kommersant
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The Russian Ministry of Finance held today, October 11, two auctions for the placement of federal loan bonds (OFZ). On first At the auction, the ministry placed OFZ with variable coupon income series 26241 with maturity in November 2032 for 50.209 billion rubles, at second — with an indexed nominal value of series 52005 with maturity in May 2033 for 9.359 billion rubles.
According to the department, demand at the first auction reached 73.472 billion rubles. The cut-off price was 86.03% of the face value, the weighted average price was also 86.03% of the face value. The yield at the cut-off price was 12.43% per annum, the weighted average yield was also 12.43% per annum.
At the second auction, demand reached 31.218 billion rubles. The cut-off price was 93.05% of the face value, the weighted average price was 93.23% of the face value. The yield at the cut-off price was 3.38% per annum, the weighted average yield was slightly lower – 3.36% per annum.
In total, in the fourth quarter of this year, the Ministry of Finance plans offer 500 billion rubles worth of federal loan bonds at auctions. at nominal value. Initially, the department planned to place bonds worth up to 1 trillion rubles.
Until the end of 2023, 13 auction days are planned: four each in October and December, five in November. The estimated volume of OFZ placement with a maturity of up to five years is 50 billion rubles, from five to ten years – 200 billion rubles, from ten years – 250 billion rubles.
Read more in the Kommersant article. “The Ministry of Finance overpaid on small things”.
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