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Russia places new Eurobonds for USD1.25 blneurasiatx

Russia places new Eurobonds for USD1.25 bln

Sep 22, 2016 12:40 pm

According to Russian economy minster the second stage of bond issuance was planned and will not replace privatization of big assets

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.

Source URL: http://eurasiatx.com/russia-places-new-eurobonds-for-usd1-25-bln/