MICEX: Placement of OFZ Transferred to Main Market
OREANDA-NEWS. December 7, 2012. Please be advised that in accordance with the information statement of the Ministry of Finance of the Russian Federation the Exchange plans a change-over in operations with Government bonds (OFZ). Starting from December 05, 2012 Government bonds (OFZ ) issues will start to be placed within the Main Market of the CJSC MICEX Stock Exchange. At the same time, executing placement operations ought to be ceased on the Moscow Exchange Government Securities Market.
Government bonds transactions carried out in the sector “Main Market” of the CJSC MICEX Stock Exchange" (including transactions executed during placement and additional placement period) could be settled by using trading accounts and sections of the Securities Market.
The procedure of OFZ placement performed within the Securities Market will be similar to that one of the Moscow Exchange Government Securities Market sector (in particular, it will also be possible to announce non-competitive bids and bids with the yield-based price). In addition, the partial proportional model will be used to fulfill orders for convenience of the Trading Participants, as well as the Ministry of Finance and the Bank of Russia.
More detailed information on the procedure and terms of placement/additional placement of Government bonds within the Main Market of the CJSC MICEX Stock Exchange will be published later.
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