The Bank of Russia has declared abortive its attempt to place RUR 5bn of the 7th bond issue. The auction was scheduled for October 9. On October 2 the Bank of Russia placed RUR9.92m worth of the 7th bond issue. It offered RUR10bn worth of bonds.The average weighted rate was 6.3% p.a., the cut-off rate reached 6.35% p.a. The demand at market value amounted to RUR 9.93m. The proceeds reached RUR 9.92m. The average weighted price was 97.250%, the cut-off price was set at 97.226%.
