The Finance Ministry has not abandoned plans to place Eurobonds – Interfax

Moscow. March 25. INTERFAX.RU – Russia does not abandon plans to enter the foreign market, told reporters Deputy Finance Minister Sergei Storchak

“We do not refuse”, -. He said, speaking of the Russian Federation to expand into foreign markets borrowing. Also, responding to a question about whether there is any “deadline approaches” to produce, he said: “We have no”

The Deputy Minister also noted that the placement of Eurobonds is not intended to finance the federal budget deficit. . . “Eurobonds to be present on the market, it is not a fiscal function, in this case As has been when returning to the markets of the main purpose is not fiscal, and” flag demonstration, “and still, no one is canceled,” – he said <. / p>

“The budget deficit rose from the Reserve Fund and domestic borrowing first Reserve Fund, then borrowing (…) They are, thank God, is enough, we are counting primarily on the reserve fund..”, – said Storchak .

Speaking about the possibility of increasing the volume of the Russian domestic borrowing this year, the Deputy Minister said that while demand for OFZ (federal loan bonds – IF) good, “to infinity” to increase their the volume can not be, not to squeeze out of the market corporate borrowers. “According to the Central Bank, the liquidity in the financial system more than enough Recent auctions have shown that OFZ demand is very good, and we can easily in case of need to increase gross borrowing in excess of the approved plans.” – He said

“As long as demand is not . (to increase domestic borrowing – IF) I am happy to follow the statistics that the sum of circulating corporate sector bonds already well more than the sum of our bonds in the market is a very good sign. why do we need to squeeze out “corporate” to the debt market. “, – also said he

in response to the question, what is, according to the Ministry of Finance, the limit increase OFZ market volume in the current year, Storchak said:” as soon as the market starts to ask premium to the yield curve, saturation means (…), it means that the market is already overheated our releases, it is necessary to take a break “.

Earlier Friday, the foreign media spoke about a possible placement of Russian Eurobonds. Possible appearance on the world market of new Russian Eurobonds can put a difficult choice not only banks the organizers, but also investors – the market may force them to make a purchase, despite the risks

Because of the fear of problems with regulators. operates the largest European funds can avoid buying securities, writes Bloomberg. Among the structures that would not want to attract the attention of regulators as potential offenders, the agency calls the Allianz Global Investors Europe, Union Investment Privatfonds, Deka Investment.

Russia, does not take on foreign markets in 2013, plans in 2016 year to place Eurobonds in the entire recorded in the budget amount – three billion dollars. Prospects for placing Russian Eurobonds have, despite possible limitations, earlier said Economic Development Minister Alexei Ulyukayev.