Business & Finance

Russian FinMin sells 10bn roubles of 2020 OFZ bonds, avg yield 11.24pc

Published July 8, 2015 Updated July 8, 2015 11:58am

1 min

By Shoaib Ur Rehman

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MOSCOW: Russia's Finance Ministry sold 10 billion roubles ($175 million) of OFZ government bonds at auction on Wednesday at an average yield of 11.24 percent, Reuters data showed.

It sold all of the floating-coupon OFZs maturing in January 2020 on offer.

Later in the day, the ministry will auction 5 billion roubles of fixed-coupon OFZs maturing in May 2019.

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