Sberbank to acquire part of Russia's Eurobond offering.

By bne IntelliNews December 11, 2009
As announced by the deputy head of Russia 's largest bank Sberbank Bella Zlatkis, Sberbank is ready to acquire substantial part of Russia 's Eurobond issue in 2010. Currently, Sberbank holds about USD 2bn-USD 3bn of previous Eurobond issues. Russia is planning to issue up to USD 18bn worth of Eurobonds in 2010, the size of issue depending on the level of oil prices. Until the end of this year a lead-manager of the placement is to be chosen by FinMin. Overall for 2010-2012 government plans to borrow USD 60bn on foreign markets.

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