Foreign Investors See Potential in Purchasing Russian Bonds – Russian Minister

Foreign Investors See Potential in Purchasing Russian Bonds – Russian Minister
AFP 2017/ ALEXANDER NEMENOVBusiness16:52 24.10.2017Get short URL

Foreign investors have already shown interest in purchasing bonds issued by the Russian government.

MOSCOW (Sputnik) — Foreign investors see good potential in increasing their purchases of Russian government bonds, the country’s Minister of Economic Development Maxim Oreshkin said on Tuesday.

“The recent statistics show that new funds are coming in very steadily, investors can see the potential to increase investments in Russian bonds, they can see the growth potential in them. … We expect the positive trend in the investments in Russia to be maintained,” Oreshkin said during the investment forum “Russia Calling!” in an interview with Rossiya 24 broadcaster.

The last time the Russian Finance Ministry placed the issue of eurobonds was in June, with a repayment in 2027 worth $1 billion.

Later, a senior official of VTB Capital said that the largest portion of the Russian eurobonds had been purchased by US buyers despite difficult market conditions; European and Asian investors also actively bought the bonds.

Moreover, the ministry revealed plans to issue a total of $7 billion worth of eurobonds including the exchange of some securities of the previous issues for the new ones worth $4 billion.

A eurobond is an international bond that is denominated in a currency other than the home currency of the country or market in which it is issued. The member states of the eurozone collectively guarantee the eurobond debt.