Retail investors can purchase investment-grade floating rate bonds linked to key rate
6 August 2024
News
The Bank of Russia has clarified that the key rate may be used as a money market benchmark for determining the criteria of structured products available to a wide range of investors. It may be used along with RUONIA (Ruble Overnight Index Average) and RUONIA Averages.
The key rate sets the level around which the regulator maintains money market rates through its operations.
The current legislation restricts non-qualified investors’ access to investment-grade bonds whose yields depend on the performance of the underlying asset. Until 1 April 2025, they will be able to buy these securities only if they meet certain legal criteria and pass the relevant test.
Preview photo: Andrii Yalanskyi / Shutterstock / Fotodom