On OFZ sales from Bank of Russia portfolio
|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|
|Sold in August 2016||1.168|
|Sold in September 2016||3.456|
|Sold in October 2016||3.833|
|Sold in November 2016||2.307|
|Redeemed in January-November 2016||39.618|
|Balance as of 1 December 2016||62.866|
The Bank of Russia will continue to sell OFZs and provide sales results on a monthly basis.
OFZ sales by the Bank of Russia allow to partially absorb the inflow of liquidity associated with the financing of the federal deficit from the Reserve Fund. In addition, OFZ sales might encourage the increase in liquidity and improve the depth of secondary government securities market. The Bank of Russia sells OFZ issues during stock trading sessions at MICEX SE. The Bank of Russia seeks to minimise the influence of sales on the OFZ market.