Risks of replacement

Weakening of ruble induces investors to look for a way to be protected from devaluation. As a hedge are considered not only currency deposits, but also replacing bonds which let out the Russian companies instead of the blocked eurobonds. Papers are available to a wide range of investors because of smaller face value, than at replaced papers. As well as old papers, besides currency revaluation, they bring also the high coupon income. However, as well as any market asset, at them has also risks, as the general, and specific. Photo: information agency "Reuters" With care of the Russian investors at the beginning of August council...