UPDATE: Russia cuts yield guidance for 2029, 2035 Eurobonds

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MOSCOW, Jun 20 (PRIME) -- Russia’s Finance Ministry has reduced the yield guidance for 2029 Eurobonds to 3.95–4.00% annually from 4.00% and for 2035 Eurobonds to 4.35–4.40% from 4.45%, a financial source told PRIME on Thursday.

Combined demand for the Eurobonds of the two issues has exceeded U.S. $6 billion, the source said.

VTB Capital and Gazprombank act as the organizers of the placement.

The ministry placed $1.5 billion Eurobonds that mature in 2029 at 4.375% annually in March 2018, and $3 billion Eurobonds that mature in 2035 at 5.1% annually in March 2019. Also in March 2019, the ministry also placed an addition $750 million issue of Eurobonds maturing in 2025 at 2.375% annually.

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