Support The Moscow Times!

Finance Ministry Sells $110 Million in Treasury Bonds

Russia's Finance Ministry sold 4.5 billion rubles ($110 million) of 10-year OFZ treasury bonds at auction on Wednesday at an average yield of 9.63 percent, less than half of the 10 billion rubles ($250 million) on offer.

Wednesday's auction was the third to be held since mid-July, following a resumption of auctions two weeks ago. The Finance Ministry canceled nine straight weekly auctions of OFZ bonds prior to that, citing "unfavorable market conditions."

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.