Russian shipyard may equip exported warships with latest air defense missile/gun systemMilitary & Defense June 29, 17:24
Russian opera star Hvorostovsky cancels Vienna season concertsSociety & Culture June 29, 16:30
Samantha Smith: 10-year-old Goodwill Ambassador that embraced warmth during the Cold WarSociety & Culture June 29, 16:29
Paris sees new opportunities for dialogue on Syria with MoscowWorld June 29, 16:27
All five defendants charged with Nemtsov's murder found guiltyRussian Politics & Diplomacy June 29, 16:12
Putin to receive ex-US Secretary of State Kissinger ThursdayRussian Politics & Diplomacy June 29, 15:51
Russia’s missile early warning system helps ward off any threatMilitary & Defense June 29, 15:19
Jury to deliberate on verdict in Nemtsov murder caseSociety & Culture June 29, 15:08
Foreign customers interested in Russia’s latest icebreaker projectBusiness & Economy June 29, 14:22
NEW DELHI, March 29 (Itar-Tass) — The time of Russia’s Eurobonds placement in euro will depend on the volatility of currencies, RF Finance Minister Anton Siluanov told reporters in New Delhi on Thursday.
Asked when the Eurobonds in euro will be placed, he said: “We will look, proceeding from the volatility of that or other currencies. Most importantly, the greatest demand was for 30-year bonds. It is very important because other investors can also allocate funds in our long-term bonds.”
Sources in the City of London told Itar-Tass that Russia on Wednesday successfully placed sovereign Eurobonds to the tune of 7 billion US dollars.
Three issues of Eurobonds were placed simultaneously. Five-year bonds were issued to the tune of two billion dollars with a yield of 3.325 percent per annum and the coupon with 3.25 percent per annum. Ten-year bonds –worth two billion dollars with a yield of 4.591 percent per annum and coupon of 4.5 percent per annum. Thirty-year bonds – worth three billion dollars with a yield of 5.798 percent per annum and coupon yield of 5.625 percent.
When Russia previously placed 30-year sovereign bonds in 2007, their yield was 7.5 percent, British commentators say.
According to analysts, these relatively low rates of return indicate that world markets regard Russia as a reliable borrower. “The Eurobond placement can be considered truly successful. In the process of placing their profitability has declined, the demand has shifted towards the longer-term securities, which emphasises the relatively high confidence of global investors in the Russian risk level,” analyst of VTB Capital Andrei Solovyov believes.
According to analysts, the current issue of Eurobonds has allowed Russia to fulfil the annual plan of foreign borrowing, which in 2012 amounted to seven billion US dollars.