The proportion of non-resident investors among the owners of the Russian government debt decreased to the minimum indicator over the past six years, RBC writes with reference to the VTB Capital review and its analyst Maxim Korovina.
As of the beginning of April, the share of bonds of the federal loan (OFZ) owned by non-residents was less than 20 percent, decreased over the last month by 2.8 percentage points.
Foreigners were disappointed in the Russian State District Against the background of the threat of new sanctions by the United States, which may include a ban on the ownership of OFZ US residents. Such concerns were imposed on the current exit of investors from the assets of developing countries that exist since the spring of last year. Another reason is the active purchase of government bonds by the largest public banks.
In March 2020, the investments of non-residents in the Russian State Dolg, on the contrary, were at historically maximum level and reached 34.9 percent.
In March, the Ministry of Finance experienced difficulties with the placement of the next release of OFZ, failed to sell it in full. After that, buying state banks were actively started to buy state banks.