Russian Eurobond placements up by 25% y/y to USD 17bn.

By bne IntelliNews July 7, 2011
Aggregate volume of Eurobonds placed by Russian issuers in H1/11 amounted to about USD 17bn, going up by 25% y/y, RIA Novosti reports citing VTB Capital. CIS issuers increased Eurobonds placements by 40% y/y to over USD 26bn in H1, it was added. Record-low spreads were seen in the reporting period, with Russian issuers trying to raise funds at the lowest rates. VTB Capital underlines Russias RUB-denominated 7-year Eurobonds (RUB 90bn, 7.85% yield) and Russian Railways 20-year GBP 650mn Eurobonds ad benchmark placements in H1/11.

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