UPDATE: Finance Ministry says plans no new Eurobond issue in March - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: Finance Ministry says plans no new Eurobond issue in March

(Adds comments in paragraphs 3Ц6)

MOSCOW/BUENOS AIRES, Mar 20 (PRIME) -- RussiaТs Finance Ministry does not plan to offer new Eurobonds in March, but may offer them later this year, Deputy Minister Vladimir Kolychev told reporters on Tuesday.

УWe potentially may place 3 more billion (rubles of Eurobonds) this year,Ф he said and added that terms of new issues have not been discussed yet.

Deputy Finance Minister Sergei Storchak said on the sidelines of the G20 meeting in Buenos Aires that Russia will wait for a positive market environment to place its new Eurobond issue.

УVarious factors made us enter the market in March. The situation was mixed so we will wait for a good situation (for the next issue),Ф he said.

Storchak added that the task to swap old government bonds for new securities has been accomplished fully.

He also said that the ministry considers offering euro- and yuan-denominated Eurobonds this year.

On Monday, Finance Minister Anton Siluanov said that Russia may offer more Eurobonds in 2018, including issues in foreign currencies other than the U.S. dollars.

On March 16, the ministry placed U.S. $1.5 billion of new U.S. dollar-denominated 2029 Eurobonds at 4.625% and $2.5 billion of additional 2047 Eurobonds at 5.25%.

(57.5521 rubles Ц U.S. $1)

End

20.03.2018 18:28
 
 
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