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 97.3403% of face value, which corresponds to yield of a annual 5.36%.

The Central Bank reported that 76.169 billion rubles (face value) worth of the bonds were sold of a 250-billion ruble (face value) offer. The auction raised 74.143 billion rubles with demand at market value totaling 77.111 billion rubles.

The cut-off price was set at 97.3200% of face value, which corresponds to yield of an annual 5.40%.

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Posted: 03|15|07 at 2:23 pm. Filed under: News.