Russia may place USD 7bn worth of sovereign Eurobonds on July 15, PRIME reports citing unnamed sources. The planned amount fully covers the external borrowing scheduled for this year. The book for the issue is reportedly going to open on July 8. A road show is not going to be held. Key investors will be met in London and New York between July 8 and July 15.
The finance minister Anton Siluanov has previously told the press that Deutsche Bank, Barclays, Royal Bank of Scotland, and domestic VTB Capital, GazpromBank, and Renaissance Capital were picked as the organisers of the sovereign Eurobond issue. Citibank was appointed as a financial agent of the deal. Siluanov added that there was no rush for the issue and that the ministry is waiting for a window at the market. Last month Siluanov announced that Russia might place sovereign Eurobonds in June.
We remind that in March 2012, Russia issued USD 2bn worth of 5-year bonds at coupon rate of 3.25%, USD 2bn worth of 10-year Eurobonds at a rate of 4.5% and USD 3bn worth of 30-year bonds at a rate of 5.625%.
The government's external debt amounted to USD 49.84bn as of May 1, 2013, inching up 0.06% m/m and declining by 1.8% ytd. In EUR terms, the external debt went down by 1.9% m/m and 0.5% ytd to EUR 38.14bn. Eurobonds accounted for the largest part of the debt - USD 34.27bn.
Related Articles
Ukraine faces a difficult choice over US peace deal talks: lose its dignity or lose a partner
Ukrainian President Volodymyr Zelenskiy recorded a video address to the nation saying Kyiv faces a difficult choice: the country could lose its dignity by accepting the plan, or it could refuse and ... more
Egypt and Russia finalise key agreements for Dabaa Nuclear Power Plant
Egypt has signed an agreement with Russia’s Rosatom to secure the nuclear fuel supply for Unit 1 of the Dabaa Nuclear Power Plant, Al Ahram reported on November 19. Officials said the agreement ... more
Russia in talks to buy 1,000t of Niger uranium amid Sahel realignment, fading French influence
Russia is in talks to purchase around 1,000 tonnes of uranium from Niger in a deal valued at approximately $170mn, according to French security assessments cited by Le Monde. The reported ... more
Most Read
-
India’s smart metering push gains momentum
4 months ago
-
US expands oil sanctions on Russia
27 days ago
-
India’s smart metering push gains momentum
4 months ago