January 24, 2017 |
|The Finance Ministry does not rule out inviting foreign banks to offer Russian Eurobonds depending on the sanctions regime, Deputy Minister Sergei Storchak told reporters on Tuesday.|
“Of course, we can do it. Everything depends on which steps the new (U.S.) administration takes from the point of keeping or terminating the regime of restrictions in mutual trade and investment,” he said.
“We have not studied the environment, we have not worked with agent banks, we have not chosen them yet. We have not even decided how we will do it: entirely without agent banks, like the previous time, or invite foreigners as we did before. The market situation changes, especially taking into account the factor of the new U.S. administration, so it is logical to take a moment and look where the market is going to move.”
The ministry is also yet to define the time for entering the Eurobond market, he added.
In 2016, Russia placed $1.75 billion of 10-year Eurobonds in May at 4.75% annually and $1.25 billion of 10-year Eurobonds in September at 3.9% annually. VTB Bank acted as the organizer of both offerings. The country’s 2017 budget envisages possibility of the Finance Ministry offering $3 billion new Eurobonds and exchanging $4 billion of old issues of Eurobonds on newer ones in the year.
Issue: Russia, 4.75% 27may2026, USD
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||Ministry of Finance of the Russian Federation|
|Country of risk||Russia|
|Country of registration||Russia|