Avg weighted OBR 04001-7 yield an annual 5.28% at auction
Published March 29th, 2007
The average weighted price for Bank of Russia Bond (OBR) series 04001-7 (maturing on October 18, 2007 and with a built-in put option) offered at auction Thursday was 97.5875% of face value, which corresponds to yield of an annual 5.28%.
The Central Bank reported that 123.484 billion rubles (face value) worth of the bonds were sold of a 140-billion ruble (face value) offer. The auction raised 120.505 billion rubles with demand at market value totaling 121.188 billion rubles.
The cut-off price was set at 97.5771% of face value, which corresponds to yield of an annual 5.30%.
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