Auction results of OFZ № 26207RMFS placement
on 13 September, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 13 September 2017:

-       bonds offered: OFZ № 26207RMFS (maturity date 3 February, 2027);

-       notional amount offered: RUB 20.000 bn;

-       notional bid amount: RUB 45.639 bn;

-       notional amount placed: RUB 20.000 bn;

-       net proceeds: RUB 21.059 bn;

-       cut-off price: 104.5730%;

-       yield at cut-off price: 7.60%;

-       weighted average price: 104.6694%;

-       yield at weighted average price: 7.59%.