Markets

Russia sees strong demand for 10-year OFZ bonds

Published October 10, 2012 Updated October 10, 2012 09:26am

 

The average yield at the auction was at the lower end of initial guidance of 7.78-7.83 percent. Bids up to the cut-off yield totalled 47.6 billion roubles.

 

Russia's Finance Ministry plans to auction 335 billion roubles ($10.7 billion) in OFZ treasury bonds during the fourth quarter of 2012.

Copyright Reuters, 2012