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. Last Updated: 07/27/2016

Treasury bill auction

MOSCOW --The Finance Ministry will offer 1 trillion rubles ($495 million) in three-month treasury bills at its next monthly auction July 19, an official at the Moscow Interbank Currency Exchange, or MICEX, said Wednesday.

The projected volume represents a significant decrease from the last monthly auction in June, at which the ministry sold nearly 1.5 trillion rubles in three-month bills at an average annual yield of 159.20 percent.