Russia's Central Bank Weighs Restrictions on Early Redemption of 'People's Bonds'

The Bank of Russia is exploring changes to the parameters of so-called 'people's bonds', according to First Deputy Chairman Vladimir Chistyukhin. In an interview with Radio RBC, he stated that the regulator is discussing the introduction of restrictions on early redemption of these instruments.

These bonds are retail-oriented securities marketed to Russian citizens. The potential move would alter the current terms, which allow holders to redeem them before maturity. No specific timeline or details on the restrictions were provided in the interview.