The state and companies, through the placement of OFZ and corporate bonds on the stock market, borrowed a record 2.3 billion from the population in one month. This is the highest indicator in the entire history of observations of the Moscow Stock Exchange, which has been carried out since 2009.
Excluding short-term securities, the volume of placement of federal loan bonds and corporate securities on the stock exchange in December 2022 amounted to 2.3 trillion rubles, according to the presentation of the Moscow Stock Exchange.
Of these 2.3 trillion rubles, 1.44 trillion rubles are federal loan bonds, 840 billion rubles are corporate bonds, that is, the volume of OFZ almost doubled the volume of corporate securities. In December 2021, the statistics were reversed: the volume of corporate bond placement was 3.5 times the volume of OFZ.
In the first half of 2022, it was unprofitable for issuers to borrow money on the stock market due to the high rate of the Central Bank, which remained at 20% until April. In the period from the end of February to the end of March, trading on the Moscow Stock Exchange was partially suspended.
Thus, at the end of the year, the supply of securities had accumulated, and even due to the leveling of the country’s economic situation, it became relevant to place them on the stock market, experts explain.
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