Translartion. Region: Russians Fedetion –
Source: Moscow Exchange – Moscow Exchange –
Unqualified investors were given the opportunity to buy corporate bonds with rating “A” and higher on the Moscow Exchange without undergoing testing.
Thus, unqualified investors now have access to another 234 bond issues from 57 issuers for a total of over 1.9 trillion rubles without testing. Previously, these securities could only be purchased by unqualified investors after testing, as well as investors with qualified status. The total number of debt securities available to unqualified investors without testing amounted to almost 700 instruments, including federal loan bonds (OFZ), bonds of constituent entities of the Russian Federation (regardless of the credit rating level), and corporate bonds with fixed income and an “AAA” rating.
The expansion of the list of debt securities available for purchase became possible after decisions of the Bank of Russia lower the credit rating threshold from “AAA” to “A” for untested bond purchases by non-qualified investors. This allowed them to purchase corporate bonds with a credit rating of “A” and higher, with the exception of bonds secured by a pledge of monetary claims, including mortgages, without undergoing a knowledge test.
The list of securities for purchase has been expanded to include corporate debt securities that have been assigned at least one of the following credit ratings:
“ruA” on the Expert RA scale; “A (RU)” on the ACRA scale; “A .ru” on the NKR scale; “A |ru|” on the NRA scale.
The Moscow Exchange Group operates the only multifunctional exchange platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Group includes a central depository and a clearing center that acts as a central counterparty in the markets, which allows Moscow Exchange to provide its clients with a full cycle of trading and post-trading services.
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