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The Ministry of Finance places Eurobonds for 1 billion EUR, the yield is 3% per annum

November 28, 2018 | Cbonds

Yesterday the Ministry of Finance of the Russian Federation placed Eurobonds for 1 billion EUR, according to the materials of the Ministry.

The face value of the securities is 100,000 EUR. The circulation period is 7 years (maturity date is December 4, 2025). The placing price is 99.221% of the face value. The coupon period is 1 year.

The coupon rate is 2.875% per annum, which corresponds to a yield to maturity of 3% per annum.

Technical placement will be held on December 4, 2018.

As previously reported, during the collection of applications for Russian Eurobonds, the final yield benchmark was set at 2.875%-3% per annum. The collection of applications took place yesterday until 05:00 PM (Moscow Time). The planned volume of the placement is up to 1 billion EUR. The volume of demand exceeded 1 billion EUR.

The arranger of placement is VTB Capital.

Issue: Russia, 2.875% 4dec2025, EUR

StatusCountry of riskRedemption (offer)VolumeIssue Rating (M/S&P/F)
outstandingRussia12/04/20251,000,000,000 EUR-/-/BBB-

Company: Russia

Full company nameMinistry of Finance of the Russian Federation
Country of riskRussia
Country of registrationRussia

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