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Euroclear starts calculations for Russia’s last issue of Eurobonds

July 28, 19:57 UTC+3 MOSCOW
On May 24, Russia’s Finance Ministry placed sovereign Eurobonds, first time since 2013
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MOSCOW, July 28. /TASS/. Euroclear has started calculations for Russia’s last issue of Eurobonds, Konstantin Vyshkovsky, head of the department for sovereign debt and financial assets at Russia’s Finance Ministry, told TASS.

"Today Euroclear has begun to make calculations with these securities (10-year sovereign Eurobonds of Russia, placed in 2016 - TASS)," he said.

On May 24, Russia’s Finance Ministry placed sovereign Eurobonds, first time since 2013. Securities for $1.75 bln in total were sold, while the demand was at $7 bln.

VTB Capital was selected as a sole organizer of the placement.

The Russian Depository worked with the issue of Eurobonds for the first time. International depository Euroclear refused to carry out calculations on sovereign Eurobonds of the Russian Federation.

The Finance Ministry said then that it planned to continue negotiations with the depositories Euroclear and Clearstream, to allow unhindered secondary circulation of new sovereign Eurobonds of the Russian Federation through the international system.

At the same time, Finance Minister Anton Siluanov said that Russia will seek a solution how in the future to do without attraction of foreign banks and settlement agents for the placement of bonds of the Russian Federation.

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