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Source: Demand for Russia’s Eurobonds with maturity date in 2026 is more than $7.5 bln

September 22, 2016, 19:12 UTC+3 MOSCOW

This demand is higher than for the previous Eurobonds placed in May

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© Alexei Filippov/TASS

MOSCOW, September 22. /TASS/. The volume of demand for Russia’s new Eurobonds with the maturity date in 2026 exceeded $7.5 bln, a source in investment banking circles told TASS.

This demand is higher than for the previous Eurobonds placed in May.

According to the source, the final benchmark of the placement price of Eurobonds with maturity in 2026 amounted to 106.75% of the nominal value, while the yield on the basis of prices was 3.9%.

On Thursday, the Finance Ministry reported on additional placement of ten-year Eurobonds worth $1.25 billion with a reference yield of 3.99%.

VTB Capital acts as the organizer of the placement.

Clearing is carried out by National Settlement Depository (NSD) and Euroclear.

Earlier in May, the Finance Ministry placed Russia’s sovereign Eurobonds for the first time since 2013. Then, the same 10-year Eurobonds with maturity date at May 27, 2026 were placed in the amount of $1.75 billion. The demand for them was $7 billion.

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