Russia may place USD 7bn sovereign Eurobond on July 15.

By bne IntelliNews June 17, 2013

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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

The price cap on Russian oil is becoming increasingly unenforceable, says Mutual Insurance Club

The price cap on Russian oil is becoming increasingly unenforceable, said the International Group of P&I Clubs, or so-called Mutual Insurance Clubs, according to reports on May 3. About 800 ... more

Russia’s Sberbank (Sber) posts $4.3bn IFRS net profit in 1Q24

Russia’s largest lender state-controlled Sberbank (Sber) posted an 11.3% year on year increase in IFRS net profit to RUB397bn ($4.3bn) in 1Q24. As followed by bne IntelliNews, in 2023 ... more

Uncut diamond giant Alrosa must sell stake in Angola's Catoca, Russian deputy FM says

Russian uncut diamond major Alrosa will have to sell its stake in Angola's Catoca diamond mining company owing to the latter's concerns about the prospects for collaborating with the sanctioned ... more

Follow Us On

Most Read

  1. Shocking trial of ex-minister has shifted domestic violence attitudes in Kazakhstan, says brother
    4 days ago
  2. Cheap Russian drones overwhelm US-made Abrams tanks, taken out of action
    10 days ago
  3. COMMENT: Aliyev continues to block the chance of peace in the South Caucasus
    6 days ago
  4. RAGOZIN: Exhausting Russia, strategies and fantasies
    3 days ago
  5. Russia is producing weapons at a record pace, and Ukraine’s partners are trying to increase support for Kyiv
    5 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    2 years ago
  2. Saudi Arabia to scale back plans for Neom city
    26 days ago
  3. Iran vs Israel: Who is better equipped for war?
    22 days ago
  4. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    27 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    6 months ago

Reports

Dismiss