Fin ministry not to restrict foreigners’ purchases of OFZ bonds

MOSCOW, Apr 3 (PRIME) -- The Finance Ministry does not plan to restrict purchases of OFZ federal bonds by foreigners if foreign players return to the market, where they now have a 25.9% share, Deputy Minister Sergei Storchak told reporters on Wednesday.

“We are not really interested in the share of foreign investors now. We would obviously like the share to remain at the current level, but if foreigners start coming here en masse due to some circumstances, we will not create any restrictions or regulations. At least, we haven’t made any plans to implement these restrictions as of today,” he said.

“The share is quite comfortable for us, it is not big and it is not small. The share of 25% may be called balanced, it is safe in case a rollback starts unexpectedly…We are now satisfied that institutional investors, mainly local, buy the OFZ bonds that we offer. We are more than satisfied with that.”

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