Foreign investors purchase greater portion of Russian Eurobonds


Foreign investors purchased the greater portion of Russian sovereign Eurobonds float and the US investors accounted for the largest amount among them, department head of VTB Capital [offering arranger] Andrei Solovyov told reporters on Tuesday.

"European and Asian investors were also proactively buying securities," he added.

Despite the challenging market situation, the bid book totaled over $6 bln, Solovyov said.

Russia’s Finance Ministry has completed the placement of Eurobonds worth $3 billion, the ministry said on its website on Tuesday.

The ministry placed the Eurobonds in two tranches: a 10-year bond issue worth $1 billion with the maturity date in 2027 and a 30-year bond issue worth $2 billion. The market yield for the first and second tranche is 4.35% and 5.35% respectively.


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