Russia sells 39.2bn rbls in 10year, 5-year T-bonds

MOSCOW: The Russian Finance Ministry sold overall 39.2 billion roubles ($957.7 million) in two separate auctions of ten-year and five-year OFZ treasury bonds on Wednesday, placing nearly all the amount on offer after a holiday period.

The ministry fulfilled all the demand at the top of the previously announced guidance range of 6.60-6.65 percent for the 10-year paper, selling at an average yield of 6.64 percent.

Demand for the 5-year treasury bond came at 19.5 billion roubles, compared to 10 billion on offer. The average yield came in the middle of 6.18-6.23 percent yield guidance.