MOSCOW, December 24, 21:07 /ITAR-TASS/. The Russian Finance Ministry’s domestic borrowings reached 822.1 billion roubles (USD 1 = RUB 32.95) in 2013, which makes up 91.6 percent of the total program of borrowings, Finance Minister Anton Siluanov said on December 23.
In 2012, the internal market borrowings stood at 811.0 billion roubles. According to the Ministry’s estimate the current value of borrowings on the domestic market “hit its record high in Russia’s contemporary history.”
In 2013, the borrowing conditions were more favourable than in previous years, Siluanov said. So, the yield of state bonds placed in 2013 went down by 100 points (from 7.5 percent per annum in 2012 to 6.9 percent per annum in 2013), while an average term of offered bonds grew to 5.8 years.