Business & Finance

Russian FinMin sells 70mn rbls of OFZ bonds, avg yield 10.2pc

Published November 26, 2014 Updated November 26, 2014 12:54pm

1 min

By Shoaib Ur Rehman

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MOSCOW: Russia's Finance Ministry said on Wednesday it had sold 70 million roubles ($1.5 million) of OFZ treasury bonds at an average yield of 10.2 percent at a second of two auctions.

The ministry offered 5 billion roubles of OFZ bonds maturing in 2016 and said there was 520 million roubles of bids.

It earlier sold 603 million roubles of OFZ bonds maturing in 2023 at an average yield of 10.39 percent.

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