OREANDA-NEWS. The share of non-residents in federal loan bonds maturing in 2039 was 49%. Konstantin Vyshkovsky, the head of the state debt department of the Ministry of Finance, told reporters.

On July 24, the Ministry of Finance of the Russian Federation placed at auction the federal loan bonds with a fixed coupon yield of 26,230 (maturing on March 16, 2039) worth 20 billion rubles. The demand at the auction reached 35.28 billion rubles, the weighted average yield of the issue was 7.48% per annum. “Almost half, 49%”, Vyshkovsky said, answering the question about the share of non-residents. 

The representative of the Ministry of Finance said that the ministry will continue to place 20-year federal loan bonds. "We will continue to offer regularly. Last time we offered, the demand was very good, even in something unexpected. Therefore, we will offer if we see some growth, interest, which means we can offer more. While with this tool we have chosen tactics regular monthly offer", he pointed out.

According to the Central Bank of the Russian Federation, the share of non-residents on the Russian market of federal loan bonds as of July 1, 2019 rose to 30.8% versus 30% in May. “Those opportunities in the ratio of risk and profitability that exist in the Russian market, there is still little else. We are good issuers and give good returns. It is almost impossible to find such a ratio in other markets”, Vyshkovsky added. “This is a very good tool, and the sanctions theme already either everyone is fed up and isn't taken into account, or everyone understands that this won't extend to the paper purchased now, even if any restrictions are introduced".

Earlier it was reported that the share of bonds of the federal loan of the Russian Federation, owned by foreigners, in June 2019 increased by 0.8 percentage points.