MOSCOW, March 21 (Itar-Tass) —— The Russian Finance Ministry hopes for the successful placement of Russian sovereign Eurobonds, Finance Minister Anton Siluanov said on the sidelines of the banking conference.
“The situation on the market is favorable. I believe that we shall have a very good placement,” he said.
Russia plans to place sovereign Eurobonds in the first quarter or the beginning of the second quarter of this year. Their road show will be held on March 19-27 in San Francisco, Los Angeles, Boston, New York and London.
Deputy Finance Minister Sergei Storchak at the beginning of February said that the dollar will most probably be chosen as the currency of placement. The volume has not been determined yet.
The Finance Ministry late last year selected five underwriter banks for the placement of Russian sovereign bonds – Citibank, BNP Paribas, Deutschebank, VTB and Sberbank.
The amount of borrowings on the foreign markets this year has been set at seven billion dollars.