Russia Has Placed Eurobonds for $3 Billion and EUR 750 Million
OREANDA-NEWS The Ministry of Finance of Russia issued new Eurobonds for $ 3 billion with a yield of 5.1% per annum and extended the issue of Eurobonds with the repayment of 2025 by 750 million euros with a yield of 2.375%. This is stated in the message on the website of the Ministry of Finance.
Earlier, on March, 21, the Ministry of Finance will begin placement of Eurobonds. The organizers of the placement were VTB Capital and Gazprombank.
Taking into account the November placement, the total issue denominated in euros amounted to €1.75 billion, said the Head of the debt capital markets Department of VTB Capital Andrey Soloviev. "The issue will become one of the most liquid on the market. British investors bought 40% of the issue, European — 18%, Russian — 18%, American — 17%, 5% accounted for Swiss investors and 2% for investors from Asia and other countries. At the peak, the volume of the booking reached €3 billion euros, 130 applications were submitted," he said.
The issue of Eurobonds for $3 billion, in turn, was the largest for the Ministry of Finance since 2013, said Soloviev. "55% of the issue was bought by British investors, 21% by American investors, 11% by investors from Russia, 8% by European investors, 4% by investors from Asia and other countries and 1% by Swiss investors. At the peak, the volume of the book of applications reached $7.5 billion, 207 applications were submitted," VTB Capital reported.
The bonds are registered in The National Settlement Depository (NSD) and the European system Euroclear,
The last time the Ministry of Finance placed seven-year Eurobonds for €1 billion in November 2018, more than half of the securities (55%) were purchased by British investors, and the total share of foreign participants in the redemption of bonds was 75%.