RUONIA Rate Stands at 13.93% on Wednesday

18:31; 11 November 2026 year

### RUONIA Rate Stands at 13.93% on Wednesday On Wednesday, the RUONIA (Ruble Overnight Index Average) rate stood at 13.93%. It is important to note that the coupon payments of a significant portion of floating-rate bonds are linked to the RUONIA rate. The RUONIA is the average rate applied by banks when providing short-term loans to each other for a one-day period ("overnight"). This rate is calculated daily by averaging the rates of interbank lending operations among the top 35 Russian banks and is published on the official website of the Central Bank of Russia. On Wednesday, the RUSFAR ON RUB (overnight, rubles) rate was 13.75%, while the RUSFAR ON CNY (overnight, yuan) rate stood at 0.3%. The RUSFAR (Russian Secured Funding Average Rate) serves as a key benchmark: - It reflects the level of rates in the Russian money market. - It is based on the average values of repo transactions with the central counterparty. - It is included in the list of financial indicators approved by the Central Bank of Russia. It is worth noting that RUONIA is an unsecured rate, while RUSFAR is a secured funding rate. However, both are key indicators of the cost of money in the market and are used for floating rates in bonds. RUONIA is the rate for unsecured overnight ruble lending, calculated by the Central Bank of Russia based on transactions of the top 35 banks. RUSFAR, on the other hand, is the secured funding rate (repo transactions with a central counterparty), calculated by the Moscow Exchange for different terms (overnight, 1 month, 3 months, etc.). This overview was presented by Alexey Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management of the Higher School of Management at the Financial University under the Government of the Russian Federation.

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