Foreigners' share of Russia's OFZ bonds drops to lowest since late 2012

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, Feb 1 (Reuters) - The share of foreign investors among holders of Russia's OFZ bonds was 11.1% as of Jan. 1 compared with 13.2% a month earlier, the central bank said on Wednesday, the lowest share since September 2012. In January, foreign investors from countries Russia considers unfriendly have been successfully offloading billions of roubles worth of local debt holdings, selling the government's OFZ treasury bonds at a steep discount, two financial market sources told Reuters last week. (Reporting by Reuters)
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