04 February 2004 23:50
Average yield for OFZ-AD 46014 at auction set at 8.15%
MOSCOW. Feb 4 (Interfax) - The weighted average price of OFZ-AD 46014 bonds, with 5,320-day terms, which were offered
at auction on Wednesday, was set at 105.3867% of face value, corresponding to 8.15% yield.
The Finance Ministry sold 2.4 billion rubles worth of the 12 billion ruble issue. Revenue from the placement totaled
2.63 billion rubles. Initial demand reached 6.81 billion rubles, or 7.41 billion rubles by market cost.
The cut-off price was set at 105.08% of face value, which corresponds to yield of 8.20%. [RU ASIA EUROPE EEU EMRG GVD
INSI] me <>
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