Russia posted Eurobonds for $ 1.75 billion

Russia has placed the release of ten -year -old European -levels for $ 1.75 billion at 4.75% per annum. This was reported by Interfax and Reuters with reference to sources in the banking sector. Later this information was confirmed by the head of the Russian Ministry of Finance Anton Siluanov.

RBC clarifies that the Ministry of Finance closed the book of applications at 20:00 Moscow time.

“The closure of the book was planned at 14:00, but due to some investors, the placement was extended,” a source from participating in the placement of the investment company told the publication.

According to the interlocutor, by the end of the day the demand for bonds was $ 9 billion, and among investors who have submitted applications there are foreign participants. Siluanov said that the volume of applications for Eurobonds amounted to about $ 7 billion, while more than 70% of bonds were actually acquired by foreigners. According to Interfax, foreign investors bought about 75% of the release.

The only organizer of the placement was the Russian VTB Capital. The fact that the bank will place Eurobonds in international markets was announced on May 23 in the Ministry of Finance of Russia. For Russia, this is the first issue of Eurobonds since 2013.

In February, the Ministry of Finance sent applications for the organization of euros placement to 25 foreign banks, but many of them refused to participate in the issue of bonds. In particular, Credit Suisse Group AG, Deutsche Bank AG, HSBC, as well as the American Goldman Sach answered the refusal. Banks of China and Hong Kong, on the contrary, show interest in Russian Eurobonds, emphasized in the government.