Politics

The Ministry of Finance will enter the bond market today: it will issue bonds maturing in 2031

The amount of the issue is 10 billion rubles. They will place OFZ-PD issue 26239. Coupon yield is 6.9% of face value. The usual duration is 6.58.

We'll keep an eye on the placement coverage. If everything goes smoothly, the Ministry of Finance will enter the bond market more often. It is likely that friendly non-residents were admitted to trading just to increase the demand for the offerings.

The last time the Ministry of Finance entered the OFZ market was on February 9.

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

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