Auction results of OFZ № 29012RMFS placement
on 12 July, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 12 July 2017:

-       bonds offered: OFZ № 29012RMFS (maturity date 16 November, 2022);

-       notional amount offered: RUB 10.000 bn;

-       notional bid amount: RUB 26.405 bn;

-       notional amount placed: RUB 10.000 bn;

-       net proceeds: RUB 10.466 bn;

-       cut-off price: 103.2250%;

-       yield at cut-off price: 9.76%[*];

-       weighted average price: 103.2723%;

-       yield at weighted average price: 9.75%*.

                           


[*]* According to the MOEX methodology coupon rates for unassigned coupons are assumed to be equal to the latest known coupon