The Ministry of Finance of the Russian Federation put OFZ for 62 billion rubles, paid 192 billion rubles on redemption and coupons

MOSCOW, Jan 25 (Reuters) – The Russian Finance Ministry raised 62.1 billion rubles at face value in two unlimited OFZ auctions on Wednesday, seeking a total of 153.2 billion bonds, and refrained from holding it for a third week in a row. Papers with a variable coupon income, very attractive to large local institutional investors. In the first auction, the Ministry of Finance placed new OFZs with constant coupon income of the PD-26242 series on August 29, 2029 for 6.5 billion rubles at a weighted average yield of 9.9% per annum. The demand was 65.4 billion rubles. The second auction also placed classic bonds, series PD-26240, with maturity on July 30, 2036 and at face value at a weighted average yield of 10.47%, with a trading volume of 55.6 billion rubles. The demand for these papers was at the level of 87.8 billion rubles. At the same time, the Ministry of Finance on Wednesday redeems the issue of 150 billion rubles at the face value of PD-26211, and pays coupon income on six more securities for 41.8 billion rubles, or with a total of 191.8 billion rubles today, Of which only less than a third of investors formally decided to refinance to OFZ. In the first quarter of 2023, the Russian Ministry of Finance plans to raise 800 billion rubles in the ruble-denominated public debt market, and in January this plan was completed by more than a quarter (26.2%). The internal borrowing program for the whole of 2023 is 2.5 trillion rubles and gives the Ministry of Finance the right to borrow up to 1 trillion rubles to replace the expenditure of the National Welfare Fund (NWF). According to the results of last year, it managed to slightly exceed the annual plan by placing OFZ by almost 3.3 trillion rubles, of which more than 3.1 trillion – in the fourth quarter, and mainly due to the placement of securities with variable coupon income The reason, which the department sold in the two-month period from October 19 to December 21, amounted to 2.5 trillion rubles. The results of today’s OFZ placement are given below: Debt Issue Redemption Offer, Demand, Placement, Quantity Price Yield Average Weighted Average Weighted Satisfied bn RUB bn RUB Cut-off, % Cut-off, % Price, % Yield, % Demand 25 जनवरी PD-26240 30 JUL 36 129.1 87.8 55.6 95 76.6500 10.48 76.7339 10.47 0.6331 25 JAN PD-26242 29 अगस्त 29 500.0 65.4 6.5 54 96.6411 9, 93 96.7940 9.909940 9.6410 96.6410 0.3397 जनवरी 18 पीडी -26238 15 मई 41 373.7 70.2 41.0 78 78 74.7907 10.41 741.8980 10.40 0.5835 जनवरी 18 पीडी -26239 जुलाई 23 31 31 29.7 51.5 810909 10.7109 10.7109 10.8400 10, 18 81.8400 10, 18 81.8400 10, 18 81.8400 10, 18 81.8400 10, 182.7309 10.7309 10.7309.7309 10.7309 10.7309.7309.7309.7309.7309. 7309.7309.7309.73093010 8103010 8103010 803010

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