Auction results of OFZ № 26207RMFS placement
on 22 November, 2017

Ministry of Finance of the Russian Federation hereby announces the results of
the auction of 22 November 2017:

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

-       notional amount offered: RUB 14.363 bn;

-       notional bid amount: RUB 42.866 bn;

-       notional amount placed: RUB 14.363 bn;

-       net proceeds: RUB 15.284 bn;

-       cut-off price: 104.1600%;

-       yield at cut-off price: 7.65%;

-       weighted average price: 104.2192%;

-       yield at weighted average price: 7.65%.