OREANDA-NEWS  The weighted average price at the auction held on Wednesday for the placement of OFZ-PD series 26241 with maturity on November 17, 2032 amounted to 97.2851% of the nominal value, which corresponds to a yield of 10.18% per annum, the Ministry of Finance of the Russian Federation said.

In total, securities were sold for a total of 53 billion 971 million rubles at face value with a demand of 253 billion 884 million rubles at face value. The proceeds from the auction amounted to 52 billion 520 million rubles.

The cut-off price was set at 97.1395% of the nominal value, which corresponds to a yield of 10.2% per annum.

Bonds of the 26241 series maturing on November 17, 2032 have 19 semi-annual coupon periods and the first coupon period is 196 days, the date of payment of the 1st coupon income is May 31, 2023. The coupon income rate is set at 9.5% per annum (the 1st coupon is 51.01 rubles for the bond and the 2nd-20th coupons are 47.37 rubles for the bond).