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MOSCOW -- The Finance Ministry sold a record 297.68 billion rubles ($147 million) in six-month treasury bills at auction Tuesday, according to the press service of the Moscow Interbank Currency Exchange.
Commercial banks oversubscribed the 300-billion-ruble auction by about 15 percent, placing 344.50 billion rubles in bids, 297.68 billion rubles of which were satisfied at an average annualized yield of 160.15 percent.
Treasury Bills Record
13 July 1994
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