Russian eurobond issue to go ahead with or without US participation

Russian Finance Minister Anton Siluanov

Russian Finance Minister Anton Siluanov

Russian eurobond issue: Russia is to go ahead with plans to raise finance through a $3bn eurobond issue with or without US participation, according to Finance Minister Anton. “We are confident the issue will take place irrespective of whether the US banks participate or not. We are going to borrow $3 bn on the market this year. I think investors will show interest in Russian securities,” he said late last week.
His remarks come in response to a report in Thursday’s Wall Street Journal that the US government had recommended to large US banks that they refrain from buying Russian government bonds. The US daily also reported that Russia had invited financial institutions – including Bank of America, Citigroup, Goldman Sachs, J.P. Morgan and Morgan Stanley to participate in the bond placement.

Source: ITAR-TASS