Russia places new Eurobonds for USD1.25 bln

According to Russian economy minster the second stage of bond issuance was planned and will not replace privatization of big assets
Russia places new Eurobonds for USD1.25 bln
22 September 12:40 2016 Print This Article

The Russian Finance Ministry confirmed additional placement of Eurobonds for USD1.25 bln maturing in 2026, reports RIA Novosti.

“We confirm additional placement of Eurobonds,” the press service said. The additional issue of Eurobonds maturing in 2026 will amount to USD1.25 bln. VTB Capital once again is acting as a placement agent.

According to Economic Development Minister Aleksey Ulyukayev the second stage of Russia’s bond issuance was planned and doesn’t replace privatization. “Those are absolutely different tracks, we’ve always said that the second stage of bond issuance means exhaustion of the USD3 bln quota,” he said, adding that “it does not replace the decision on privatization of big assets.”

Back in May 24, the Finance Ministry had placed first since 2013 sovereign Eurobonds. As a result securities for USD1.75 bln in total were sold.

Print this entry

  Article "tagged" as:
  Categories:
view more articles

About Article Author

Anastasia
Anastasia

View More Articles