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Russian Finance Minister sells 10bn roubles of OFZ bonds, average yield 13.5pc

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By Nasir Ahmed
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imageMOSCOW: Russia's Finance Ministry sold 10 billion roubles ($160 million) of OFZ treasury bonds at auction on Wednesday at an average yield of 13.5 percent.

The OFZ bonds mature in January 2020. It was the second week in a row that the Finance Ministry sold all of the bonds on offer, reflecting stronger demand.

The ministry has seen better bids at its weekly bond auctions recently after being forced to cancel many auctions last year due to market turbulence linked to the Ukraine crisis.

Copyright Reuters, 2015

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