UPDATE: Russia places 10-yr Eurobonds, yield guidance at 4.65–4.9%
(Adds details throughout)
MOSCOW, May 23 (PRIME) -- Russia’s Finance Ministry confirmed on Monday that it is placing a new Eurobond issue on the international market.
“The issue is being placed in line with a program of foreign borrowings, in accordance with a law on this year’s budget,” the ministry said.
A banking source said earlier the ministry is placing benchmark 10-year U.S. dollar-denominated Eurobonds with a yield guidance of 4.65–4.90%.
VTB Capital acts as the organizer.
“The attracted funds will not be used for goals violating the E.U. and the U.S. sanctions,” the source said. The deal will be closed later in the day.
VTB Bank’s CEO Andrei Kostin said earlier in May that Russia will manage to place Eurobonds without participation of foreign banks this year.
End