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Binbank Group will participate in placement of Russian Eurobonds

September 22, 2016, 17:30 UTC+3
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MOSCOW, September 22. /TASS/. Binbank Group has decided to participate in the placement of 10-year sovereign bonds for the sum of $1.25 bln, the issue of which Russia’s Finance Ministry confirmed on Thursday, managing director of Bnbank Group Kirill Petrov told TASS.

"We are to participate in this placement by the Finance Ministry. The market still has the shortage of high-quality foreign exchange instruments. Debt securities of the Finance Ministry are interesting to us in terms of investment in reliable financial instruments and diversification of currency assets," he said.

Bank Uralsib has earlier also announced its decision to participate in the placement.

The Russian Finance Ministry on Thursday confirmed additional placement of Eurobonds for $1.25 bln maturing in 2026.

In May of this year, the Finance Ministry for the first time since 2013 has placed the first tranche of sovereign Eurobonds. As a result, the volume of the sold securities amounted to $1.75 bln with demand for $7 bln.

The Finance Ministry noted at the time, that more than 140 investors applied for purchasing new Russian Eurobonds, 55% of them are banks.

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