Fin minister: Russia can place $3 bln Eurobonds in March–May

MOSCOW, Jan 18 (PRIME) -- A window of opportunities to offer the entire amount of Russia’s Eurobonds planned in the 2017 budget, which is U.S. $3 billion, can open in March–May, Finance Minister Anton Siluanov said on Wednesday.

“Last year, we entered the market two times, we have created our own infrastructure now, this is why I think that we will be able to borrow the amount which is planned in the budget in one sitting. When will that happen? Kostin (CEO of VTB bank Andrei Kostin) thinks that that will be in spring. We do not rule out that this can be in spring as well,” Siluanov said.

Russia placed $1.75 billion Eurobonds in May 2016 at 4.75% annually and $1.25 billion Eurobonds at 3.9% annually in September. VTB organized the placements.

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