Russia’s Finance Ministry may stop setting limits at OFZ auctions

MOSCOW, Feb 5 (PRIME) -- Russia’s Finance Ministry is considering abolishing volume limits at auctions of OFZ federal bonds from February 13, the ministry said in a statement on Tuesday.

In this case, the amount of satisfied bids for OFZ bonds will depend on combined demand and premium to the market requested by bidders.

“The ministry thinks that the approach will make us more flexible to the market situation changes and satisfy a larger amount of non-competitive bids. The filing mechanism for bidders will remain the same,” the ministry said, adding that it will make a final decision on February 12.

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