“Investment Chamber” has set repurchase prices for foreign securities – Kommersant

"Investment Chamber" has set repurchase prices for foreign securities - Kommersant

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The Investment Chamber, the organizer of trading for the exchange of frozen assets, has set initial prices for the redemption of foreign securities from Russian private investors. About it it says in a company message.

The starting price of one foreign security is determined in rubles at the Central Bank exchange rate based on the closing price of trading on March 22 (quotes from exchanges of primary listing of securities). Resident individuals can present more than 3.5 thousand exchange-traded instruments for redemption. The repurchase of foreign securities by non-residents from resident individuals will be in rubles. This also applies to type “C” accounts.

Acceptance of applications from individuals begins today, March 25, and ends on May 8. However, brokers may set an earlier application deadline. Applications will be accepted through the mediation of their brokers, trustees and mutual fund management companies. A complete list of foreign securities subject to sale, as well as the initial price of each of them, is available on the Investment Chamber website.

Resident sellers, regardless of the size of the portfolio of foreign assets, can present for redemption foreign securities with an initial value of no more than 100 thousand rubles. From the foreign securities presented for redemption, a single pool will be formed – it will be divided into lots that are as identical in content and value as possible, and will be offered to non-residents.

Read more about the situation on the Russian debt market in the Kommersant article. “Bonds are buoyant”.

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