Fin ministry sees high demand for Russian Eurobonds from US

SHANGHAI, Jun 19 (PRIME) -- Russia’s Finance Ministry plans to offer a U.S. $3 billion Eurobond very soon, and it expects high demand from Western investors in general and U.S. investors in particular even despite a possible extension of the U.S. anti-Russia sanctions, Minister Anton Siluanov told reporters on Monday.

The Russian budget envisages placement of up to U.S. $7 billion Eurobonds in 2017. The Finance Ministry said earlier it planned to offer $3 billion worth of new securities and to swap $4 billion worth of paper in circulation for the new issues.

“By the way, we will soon issue our $3 billion,” Siluanov said. “Usually, investors from Western companies become such investors, and investors from U.S. companies in the first place. We will see. We hope that these investors express interest in our securities during this borrowing as well.”

He said that the ministry has not specifically invited Chinese investors to take part in the placement.

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