Non-resident investments in OFZ bonds fall 10.8% or 117 bln rubles in Nov after three months of growth - Central Bank

MOSCOW. Dec 25 (Interfax) - Non-resident investments in federal loan bonds or OFZ decreased by 117 billion rubles or 10.8% in November 2025 to 963 billion rubles, the Central Bank of Russia said on its website.

Non-resident investments grew 111 billion rubles in August-October, including 32 billion rubles in August, 48 billion rubles in September and 31 billion rubles in October.

The OFZ market grew by 1.694 trillion rubles or 6.2% to 29.207 trillion rubles in November.

The non-resident share in OFZ was 3.3% as of December 1, down from 3.9% a month earlier and the lowest since January 1, 2012. Russian residents were the main holders of OFZ Prior to 2012. This began to change in the second half of 2012 in anticipation of the liberalization of the government securities market. The opening of nominee holder accounts for foreign clearing and settlement organizations with the Russian central depository in early 2013 led to a significant inflow of foreign investment into the domestic Russian government debt market. The share of non-residents in OFZ peaked at 34.5% on April 1, 2018.

Investments in OFZ by non-residents in January-November 2025 rose 5.2% or 48 billion rubles, from 915 billion rubles at the start of the year.

Non-resident investments in OFZ fell 568 billion rubles or 38.3% in 2024, from 1.483 trillion rubles, by 495 billion rubles or 25% in 2023 and by 1.104 trillion rubles or 35.8% in 2022, from 3.082 trillion rubles.