The management company (MC) Tinkoff Capital will create the first investment mutual fund (ZPIF) in Russia, writes Vedomosti, citing information in the register of mutual funds of the Bank of Russia.

Tinkoff Capital will form the first investment fund in Russia for replacement bonds

The formation of the fund will begin in the near future and the creation will be completed in the second half of July. It will invest in replacement bonds traded on the Moscow Stock Exchange. The manager will select the bonds, explains Tinkoff Capital.

When the fund is formed, a listing on the Moscow Stock Exchange is planned. Only qualified investors will have access to the fund.

There are $14.5 billion in replacement bonds outstanding today, according to data from Cbonds. Of these, 84% are Gazprom issues, Renaissance Capital said.

In addition, such bonds were issued by Sovcomflot, Lukoil, Metalloinvest and MMK on the Moscow Stock Exchange.

Previously, the issuance of such bonds was carried out on a voluntary basis. However, following the May decree of the President of the Russian Federation, Russian companies will have until January 1, 2024 to replace Eurobonds with local ones.

Change your approach to finance and start investing – you can find a great selection of training programs in the catalog of investment courses.


Natalia Gormaleva

Source: RB

Previous articleThis is how fireworks in San Juan torment your pets
Next articleRussian small-size torpedo’s capabilities revealedinRussia12:49 | 23 June 2023
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


Please enter your comment!
Please enter your name here