Moscow Exchange's bond market hit a record high in H1 2013

In H1 2013 the average daily value traded on the Moscow Exchange's bond market reached its highest level since 2007.

During the first six months of 2013 the secondary bond market trading reached RUB6.9 trillion, up 71% compared with the same period in 2012. Corporate bonds were traded for a total of RUB3.1 trillion, up 45%. Turnover in government bonds (OFZs) increased by 114% to RUB3.5 trillion.

From the beginning of the year, 124 bond issues of 85 issuers were placed on the Exchange's bond market for a total value of RUB632.1 billion. Corporate issuers showed an increasing interest in exchange-traded bonds with number of issues of such bonds amounting to 58 out of 118. In addition, six issues of sub-federal and municipal bonds were registered. Overall, 876 bond issues of 320 issuers are traded at the Moscow Exchange as at July 01, 2013.

"We see a growing interest of all types of investors in the debt market. Increased trading volume in OFZs trading was driven mainly by an admission of Euroclear and Clearstrem to the Russian market", said Anna Kuznetsova, Managing Director of the Securities Market at the Moscow Exchange. "A recent innovation of the Exchange that provides exchange-traded bonds available for execution of secondary market trades on their placement day makes this instrument more appealing to both investors and asset management companies."

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