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Russia can borrow on international market again in 2019

According to the Russian Finance Ministry, this can be done "if situation is favorable"

MOSCOW, March 26. /TASS/. Russia can borrow on the international debt market again in 2019 if the situation is favorable on the market, department head with the Russian Finance Ministry Konstantin Vyshkovsky told reporters on Tuesday.

"We can [do so - TASS] if the situation is favorable. The overall borrowings program has not been canceled by anyone. It is huge and it is certainly possible [to borrow internationally in 2019 - TASS] in order to diversify sources and in a comfortable situation," the official said.

The Russian Ministry of Finance floated new sovereign Eurobonds denominated in dollars, mature in 2035, and completed the additional offering of euro-denominated Eurobonds mature in 2025 last week.

Dollar-denominated Eurobonds were floated in the amount of $3 bln and euro-denominated securities were offered totaling 750 mln euro.

The final yield guidance for dollar-denominated Russian Eurobonds was fixed at the level of 5.1% and for euro-denominated Eurobonds - as 2.375%. VTB Capital and Gazprombank acted as arrangers.