Foreign share of Russian federal bond market rises to 22.4% in March

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Foreign share of Russian federal bond market rises to 22.4% in March

MOSCOW. May 29 (Interfax) - Nonresidents cut investment in Russia's federal loan bond (OFZ) market 2.5% in March to 815 billion rubles from 836 billion rubles at face value.

But their share of the market grew from 22.2% to 22.4% as the market fell 3.7% in volume to 3.634 trillion rubles from 3.773 trillion rubles, the Central Bank said on its website.

Investment by foreigners in the OFZ market has been falling since November. It has dropped 118 billion rubles or 12.6% since November 1, when investment stood at 933 billion rubles.

The nonresident share of this market peaked at 28.1% (930 billion rubles) on May 1, 2013.