Thursday , May 24 2018
Home / business / Business because of the sanctions the US started buying Russian OFZs

Business because of the sanctions the US started buying Russian OFZs

Бизнесмены из-за санкций США начали скупать российские ОФЗ

In the Russian Federal loan bonds at auction on Wednesday, demand exceeded supply 3.5 times and amounted to 136 billion rubles, according to a review of the Daily Focus of the Bank, this is due to the intention of the business to protect against personal sanctions of the United States.

“At the yesterday’s auctions the aggregate demand for OFZs offered in the amount of 40 billion rubles, amounted to 136 billion rubles (for comparison – at auction last Wednesday the demand for the same amount of 98 billion rubles)”, – reported in the review of the Daily Focus.

See also:  In Thailand tragically killed Russian woman

Raiffeisenbank noted that the high demand for OFZ was not even in the period of active purchases by non-residents in early 2017.

The buyers mostly are local investors who buy BFL for protection from personal sanctions, the probability of introduction which is rated as “rather high”.

It is expected that the demand at the next auction, which will be held the day before the announcement in the US assess the impact of the sanctions, will also be high.

See also:  It became known that behind the hysteria of a Russian diplomat at the UN

In late November, the Central Bank reported that as of October 1, 2017, the share of non-residents on the OFZ market amounted to a record 33.2 percent.

© 2018, All rights reserved.

Check Also

Deputies of the state Duma was caught in the fact that they weekly are tightening the rules for business

Deputies of the state Duma in 2017, at least once a week tightened legislation in …

Leave a Reply

Your email address will not be published. Required fields are marked *