MOSCOW, June 17 (Itar-Tass) - Russia may have two presentations of its placement of sovereign Eurobonds in London and in New York in late July, a source close to the information told Itar-Tass.
“Russia should have special roadshows to present detailed information on key economic data and the budget strategy, and on the strategy for attracting investments,” the source said. “The presentations will let the Russian Federation make an optimal timing for placement of bonds and for getting important recommendations from investors in order to learn their financial offers.”
Earlier, Finance Minister Anton Siluanov doubted a wide roadshow. “Anyway, we should see what the market will be like,” he said. “Should it be necessary - we shall make a wide presentation.”
Russia’s sovereign rating presently is at BBB with outlook stable from Fitch; BBB with outlook stable from Standard&Poors; and Baa1 with outlook stable from Moody’s. Among countries with similar ratings, Bahrain and Latvia plan access to capital markets in summer.