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VTB president sees good prospects for additional placement of Russia’s Eurobonds in 2016

September 02, 14:06 UTC+3 VLADIVOSTOK
President of VTB sees adequate prospects for additional placement of Russia's Eurobonds
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President of VTB Andrey Kostin

President of VTB Andrey Kostin

© Vladimir Smirnov/TASS Host Photo Agency

VLADIVOSTOK, September 2. /TASS/ President of VTB Andrey Kostin sees good prospects for additional placement of Eurobonds of Russia in 2016.

"I think so," he said, speaking at a briefing. 

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 acted as a sole organizer of the placement.

In July, Deputy Finance Minister Maxim Oreshkin said that the Finance Ministry does not rule out additional placement of sovereign Eurobonds in 2016.  

Russia’s VTB obtains full access to China’s interbank bond market 

VTB Bank becomes the first among Russian banks having full access to the China’s interbank bond market, the Russian state-owned bank said on Friday. Development of required infrastructure for trading transactions on that market was completed with assistance of the Bank of China, VTB reported.

The China’s domestic bond market is the world’s third largest in terms of floated debentures and is over 5 trillion dollars in the equivalent. The access to this investment floor will make possible to broaden the range of counterparties and give an impetus to development of financial cooperation between Russia and China, VTB said.

"We made the next important step in development of Sino-Russia interbank relations, making possible to offer a unique investment service to VTB clients. Strategic partnership with the largest Chinese banks on the whole and with the Bank of China in particular is of key importance for VTB," Chief Executive Officer of VTB Andrei Kostin said in a comment.

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