MOSCOW, Oct 10 (Reuters) - The Russian Finance Ministry sold34.2 billion roubles ($1,1 billion) of 10-year OFZ treasurybonds
at auction on Wednesday at an average yieldof 7.79 percent, with no premium to the secondary market.
The average yield at the auction was at the lower end ofinitial guidance of 7.78-7.83 percent. Bids up to the cut-offyield totalled 47.6 billion roubles.
Russia's Finance Ministry plans to auction 335 billionroubles ($10.7 billion) in OFZ treasury bonds during the fourthquarter of 2012.
Following are details of the auction, taken from ReutersXtra and provided by the Finance Ministry on its Web site():Maturity date 22 Jul 2012Issue volume 35.0 bln rblsBids (to cut-off yld) 47.6 bln rblsIssue (alloted) 34.2 bln rblsIssue (funds raised) 34.6 bln rblsCut-off price 99.4500Average price 99.6940Cut-off yield 7.83Average yield 7.79(Reporting by Maya Dyakina)
Keywords: RUSSIA OFZ