Install

Get the latest updates as we post them — right on your browser

Today's paper. Last Updated: 05/31/2012

Record Interbank Issue

MOSCOW-- The Finance Ministry will issue a record 1.5 trillion rubles ($765.7 million) in three-month treasury bills at its 14th monthly auction next Tuesday, an official at the exchange where the bills are traded said Wednesday. Mikhail Laufer, securities expert at the Moscow Interbank Currency Exchange, said that the issue would be the government's largest ever. At its 13th short-term treasury bill auction last month, the Finance Ministry sold about 400 billion rubles in bills at an average annual yield of 179 percent. The government uses treasury bills as a non-inflationary way of financing the budget deficit, and plans to issue a total of 9 trillion rubles worth of three- and six-month securities this year.




This article has no comments.

Be the first to leave a comment


Discussion
The Moscow Times welcomes your comments and invites you to discuss topics with other readers. Your comment will be posted automatically to enable a live discussion. If you aren't familiar with our comments policy, you can read it here.

If you're a registered user, you can start typing your comment below. If not, take a moment to sign up. and then return to the article.

If your comment doesn't appear, contact us by using our web form.

Comments

Comments via Facebook



print


Comments

This article has no comments.

Be the first to leave a comment





Most Read