MOSCOW, June 19. /TASS/. The Russian Finance Ministry started sovereign Eurobonds floating, press service of the ministry told TASS on Monday.
- US key rate hike to leave floating of Eurobonds by Russia unaffected
- US Fed rate raise won’t affect terms of placement of Russia’s Eurobonds — minister
- Gazprom places Eurobonds worth €1 bln under 3.125%
- Source: Demand for Russia’s Eurobonds with maturity date in 2026 is more than $7.5 bln
- Volume of aplications for Russia’s Eurobonds reaches $3 bln — source
"The Finance Ministry initiated Eurobonds offering," the press service said.
The demand for Russian sovereign Eurobonds exceeded $3 bln, an investor circular available with TASS said on Monday.
The offering will be made in two tranches. The first tranche comprises 10-year bonds with the yield guidance "close to the lower limit of 4%," the circular says. The second tranche covers 30-year bonds with the yield guidance "close to the lower limit of 5%."
Technical settlements on both tranches will be made on June 23. The offering is taking place through the National Settlement Depository [Moscow Exchange Group - TASS] and Euroclear. VTB Capital is the sole arranger of the offering.