OREANDA-NEWS. In April-June 2016, the total value of federal loan bonds (OFZ) sold by the Bank of Russia from its own portfolio was 131.481 billion rubles worth. Also, in January-May 2016, the Bank of Russia redeemed its OFZ which overall nominal value was 31.935 billion rubles.

OFZ nominal value in billion rubles

Sold in April 2016     60.694
Sold in May 2016     59.207
Sold in June 2016     11.580
Redeemed in January-May     31.935
Amount of outstanding loan as of 1 July 2016     66.855

The Bank of Russia will continue to sell OFZ and provide sales results information on a monthly basis.

OFZ sales by the Bank of Russia allow it to partially absorb the introduction of liquidity connected with financing of federal deficit funding through the Reserve Fund resources. Besides, OFZ sales can promote the upsurge of liquidity and depth of the secondary market for government bonds.

The Bank of Russia sells OFZ issues within stock trading sessions at CJSC MICEX Stock Exchange. At the same time, the Bank of Russia is doing its best to minimise the influence of sales on OFZ market environment.