The Bank of Russia has auctioned RUR 47.22bn worth of the 11th bond issue (OBR) today. The bank offered RUR60bn in bonds.The weighted average rate stood at 7.39% p.a., the cut-off rate was set at 7.4% p.a. Demand at market value amounted to RUR 48,693.79m. The proceeds reached RUR 47,221.97m. The weighted average price reached 97.455%, the cut-off price was set at 97.450%.
