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Finance Ministry Reduces Weekly OFZ Issuance

RUSSIA
  • Local analysts comment on a shift from 3 weekly OFZ issues to one ahead of today's planned sale of 5.7% 2028 OFZ
  • VTB Capital says "Finance Ministry's decision to hold only one auction this week is "seemingly positive" for OFZs, but the lack of limit on the amount of bonds offered has damped sentiment"
  • Rosbank, however, says the OFZ market is "in hibernation mode" as many international investors are staying away ahead of Thanksgiving
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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