The Bank of Russia in may 2017 sold Federal loan bonds (OFZ) from its own portfolio on 0,039 billion rubles at nominal value, stated in the message of the Central Bank.
In the period from April 2016 to may 2017 the Bank of Russia sold Federal loan bonds with a total nominal value 145,678 billion. Also from January 2016 to may 2017, were redeemed held by the Bank of Russia Federal loan bonds with a total nominal value 42,012 billion.
As at 1 June 2017 the balance of securities amounted to 60,380 billion rubles at face value.
The Bank of Russia plans to continue to sell OFZ.
“Selling the Bank of Russia OFZ allows to partially absorb liquidity inflows associated with financing the Federal budget deficit at the expense of the Reserve Fund. In addition, the sale OFZ could contribute to increasing the liquidity and depth of secondary market for government securities,” – notes the regulator.
The Bank of Russia sells OFZ in the course of trading on the Moscow Exchange. The Bank of Russia seeks to minimize the impact of the sales on the OFZ market.