The demand for Eurobonds of Russia amounted to more than $6.6 billion “Despite increased volatility in market conditions caused by the news of the extension by the US authorities of sanctions against Russia, and a marked decline in oil prices and the ruble exchange rate, investors from different regions of the world showed a steady and significant demand for new Russian bonds. The total amount collected of the order book totaled more than 6.6 billion. The US, which is more than 2 times exceeded the volume of placement. Applications were received from over 200 investors”, – stated in the message of the Ministry of Finance of the Russian Federation.
As previously reported, the Ministry of Finance placed two issues of Eurobonds in the international capital market. Bonds in the amount of $1 billion for a period of 10 years can be found at the rate of 4.25% per annum. 30th Eurobonds worth $2 billion placed at a rate of 5.25% per annum.
The organizer of placing has acted VTB Capital. Calculations for bonds are made through the national settlement Depository and Euroclear.
In the total volume of placed bonds, the proportion of investors from the US accounted for 32%, UK 31% continental Europe 15%, Asia 14%.
By results of auction has developed the following structure issues, types of investors: funds and management companies – 60%, banks 24% (including banks, specializing in providing services to large private clients, private banking) insurance companies – 16%.
As a result of placing of new issues of Eurobonds fully implemented market part of the programme of state foreign borrowings of the Russian Federation in 2017, envisaging a new deleveraging, emphasizes the Finance Ministry.