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Russia’s Finance Ministry completes offering of Issue 26246 federal loan bonds

The demand at the auction reached $720 mln

MOSCOW, September 17. /TASS/. Russia’s Finance Ministry has completed the offering of Issue 26246 fixed coupon income federal loan (OFZ-PD) bonds mature on March 12, 2036 to the amount of 38.969 bln rubles ($467 mln) at an auction, according to files provided by the ministry.

The demand at the auction reached 60.251 bln rubles ($720 mln).

The weighted average price of the issue was 89.1248% of the par value, while its weighted average yield totaled 14.5% per annum.