Russia has placed ten-year Eurobonds by nearly $1.3 billion – Росбалт.RU

Ministry of Finance of the Russian Federation dorazmestit ten-year Eurobonds in the amount of up to $ 1.25 billion.

Benchmark yield is of 3.99%. The calculations assumed through the international system of Euroclear and the national settlement Depository (NSD), told RIA “news” a source in banking circles.

“the Book is open. The transaction is expected to close today,” he said.

Later, the Finance Ministry officially confirmed the placement of Eurobonds for this sum. “We confirm the fact of placement”, — said the Ministry spokesman.

Russia at the end of may for the first time since 2013, he returned to the foreign market borrowing, placing ten-year sovereign Eurobonds $ 1,75 billion of 4.75% per annum while the demand is $ 7 billion, According to the law on the budget of the Ministry of Finance may take in 2016, no more than $ 3 billion on foreign markets. Thus, the Ministry remains the opportunity to issue this year Eurobonds $ 1.25 billion.

As with the placement of the first tranche, the Ministry said that it will not use the proceeds for purposes that violate EU sanctions and the United States, the source indicated.