Official: Russia undecided on more Eurobonds placement in 2016

MOSCOW, Sep 9 (PRIME) -- The Russian Finance Ministry is yet to decide on the placement of U.S. $1.25 billion more sovereign Eurobonds in 2016, Deputy Minister Sergei Storchak told PRIME late Thursday.

“No decision has been made,” Storchak said.

Finance Minister Anton Siluanov said on Monday that the government is considering placement of more sovereign Eurobonds because it has a budgetary gap to close after it postponed privatization of oil company Bashneft past 2016.

Russia placed $1.75 billion Eurobonds in May out of a $3 billion annual limit.

Storchak said that Russia is not ready to offer domestic OFZ bonds in yuans so far but some technical preparations for that are being made.

The bonds in yuans were to be bought by Chinese investors and to set a benchmark for corporate bond placement in the Chinese national currency.

Storchak also said that the ministry has not completed the borrowing program for 2017 because the budget plan has not been made.

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