The Finance Ministry of Russia has floated at an auction two series of federal loan bonds (OFZ) for a total of Rub 45 bln, said documents posted on the ministry's website.
No. 26221 OFZs were offered for Rub 20 bln, maturing March 23, 2023. Meanwhile, demand totaled Rub 54 bln and the bond placement totaled Rub 20 bln. The cutoff price was 97.783% of par value, with a yield of 8.1% at the cutoff price.
The OFZ issue numbered 26220 came to Rub 25 bln vs. Rub 46.7 bln demand. The cutoff price was 98.6227% of par value, with a yield of 7.85% at the cutoff price, and it will mature on December 7, 2022.
