Russia is preparing to return to the international debt market – ID Altapress

Russia’s Finance Ministry has sent 25 foreign banks to bid for the organization of a possible placement of Eurobonds in 2016. This is stated in the documents of the Ministry of Finance of Russia, published on the ministry website.

Requests, in particular, directed Barclays, BNP Paribas, Bank of America Merrill Lynch, Bank of China, Wells Fargo, Goldman Sachs, J.P. Morgan, Deutsche Bank, Industrial and Commercial Bank of China, Cr? Dit Agricole, Credit Suisse, Landesbank Baden-Wuerttemberg, Morgan Stanley, Mizuho Financial, Nomura, Citigroup, Societe Generale, Scotiabank, TD Securities, China Construction Bank, Agricultural Bank of China, HSBC, RBC Capital Markets, UBS, UniCredit, as well as three Russian banks, “VTB Capital”, Gazprombank, Sberbank CIB.

The Eurobonds of the Russian Federation in 2016 might be released as a single issue, and several with different terms and currencies, the Finance Ministry will be waiting for the window to the market, said in January, director of the department of state debt and state financial assets Finance Konstantin Vyshkovsky.

on the Deputy Finance Minister Sergei Storchak said last week that Russia will no longer give in debt and even the ready to start borrowing. According to him, at present the Ministry sees no reason to increase the program of federal loan bonds for the current year. But with increasing interest in securities by non-residents can change the selected item.

Earlier, Storchak said that he sees no point in entering the international market in terms of sanctions, because, despite the fact that the sanctions do not apply to the sovereign they can relate to potential investors buying Russian risk, writes “Rosbalt”.

The last time Russia was on the international markets in September 2013, when sold the paper for $ 6 billion, maturing in 2019, 2023 and 2043 years. Since then, Russia has not appeared on the international capital markets due to Western sanctions imposed after the annexation of Crimea, which virtually shut down the external debt markets for the country (although Western sanctions do not apply to state borrowing).