Investor Presentaiton
OFZ liquidity growth
Secondary market trading, USD bln
Share of the CLOB
111,4
105,0
74,6
2016
2017
2018
57%
53%
66%
Off Order
book'
■'Order book'
43%
47%
34%
2016
2017
2018
■ Strong growth prospect for trading volumes and order book trading share
■ Retail and domestic entities increase their trading volume
Trading activity by client groups
7%
15%
36%
41%
2017
■Foreign investors
Russian banks and brokers
9%
2018
Retail and corporate investors
19%
35%
■Trust management and NGPFS
37%
Significant growth of new debt including new type of floaters
New Issue amount, USD bln
Redemption Schedule
Current Debt Structure
40
40
36
35
35
32
Fixed rate bonds
69%
30
30
26
24
25
25
Floating rate bonds
22%
20
36
20
15
29
15
Amortizing bonds
6%
10
16
10
16
5
5
Inflation-Linked bonds 3%
0
0
2016
2017
2018
2019
2019
2020
☑
MOSCOW
Source: MOEX
■Gross Issuance ■Net Issuance
11
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