On OFZ sales from Bank of Russia portfolio
In April-July 2016, the total nominal value of federal government bonds (OFZ) sold by the Bank of Russia from its own portfolio was 132.111 billion rubles worth. Also, in January-May 2016, OFZ owned by the Bank of Russia were redeemed which overall nominal value was 31.935 billion rubles.
| OFZ nominal value in billion rubles | |
| Sold in April 2016 | 60.694 |
| Sold in May 2016 | 59.207 |
| Sold in June 2016 | 11.580 |
| Sold in July 2016 | 0.630 |
| Redeemed in January-May 2016 | 31.935 |
| Balance as of 1 August 2016 | 66.490 |
The Bank of Russia will continue to sell OFZ and provide sales results information on a monthly basis.
OFZ sales by the Bank of Russia allow it to partially absorb the liquidity connected with financing of federal deficit funding through the Reserve Fund. Besides, OFZ sales can promote the upsurge of liquidity and depth of the secondary market for government securities.
The Bank of Russia sells OFZ issues within stock trading sessions at CJSC MICEX Stock Exchange. At the same time the Bank of Russia is doing its best to minimize the influence of sales on OFZ market.
The reference to the Press Service is mandatory if you intend to use this material.
01.08.2016 00.00.00