MOSCOW, May 23. /TASS/. Russia is placing a new issue of Eurobonds, the Finance Ministry’s press service reported.
"Today the Russian Federation has announced the placement of the new issue of Eurobonds on the international capital market. The issue is carried out in compliance with the program of external borrowing, in accordance with the Law on the budget for the current year," the press service reported.
The price of Russian Eurobonds with the maturity date in 2042 fell by 110.5 basic points amid reports about placement of new Eurobond issue of the Russian Federation. That is according to the trading data.
"Russian Eurobonds have been falling for the fourth consecutive day. Basically this is due to the oil price dynamics, as well as the fact that a little earlier the yield of Treasuries (US Treasury bonds - TASS) grew," Dmitry Dudkin, head of debt markets department at Uralsib Capital said.
According to the statement on the ministry’s website, VTB Capital has been chosen as the arranger of placement of Russia’s Eurobonds this year.