On OFZ sales from Bank of Russia portfolio
During the period between April 2016 and July 2017, the Bank of Russia sold sovereign bonds (OFZ) with a total par value of 145.946 billion rubles from its portfolio. In addition, between January 2016 and July 2017, Bank of Russia-held OFZ with a total par value of 42.350 billion rubles were redeemed.
| OFZ nominal value, 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 |
| Sold in December 2016 | 0.335 |
| Sold in January 2017 | 0.895 |
| Sold in February 2017 | 0.597 |
| Sold in March 2017 | 0.644 |
| Sold in April 2017 | 0.292 |
| Sold in May 2017 | 0.039 |
| Sold in June 2017 | 0.036 |
| Sold in July 2017 | 0.232 |
| Redeemed since 1 January 2016 | 42.350 |
| Balance as of 1 August 2017 | 59.775 |
The Bank of Russia will continue to sell OFZ and report on the volume of such sales on a monthly basis.
The Bank of Russia’s OFZ sales serve to partially absorb the liquidity inflow related to the financing of federal deficit from the Reserve Fund. In addition, OFZ sales may help increase the liquidity and depth of the secondary government bond market.
The Bank of Russia sells OFZ issues at the Moscow Exchange. At the same time, the Bank of Russia aims to minimise the effect of these sales on the OFZ market climate.
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