The Moscow city government said Wednesday that it sold 10 billion rubles ($343 million) of bonds due in 2022, its longest maturity on record, taking advantage of increased investor demand.
The city’s second auction this month attracted bids for three times the amount sold, said Sergei Pakhomov, chairman of the state debt committee. The bonds were priced to yield 7.69 percent, less than the yield of 8 percent on notes due 2017 sold at a March 3 auction.
(Bloomberg)
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