Foreign Investors Buy Over 70% of Russian Eurobonds - Finance Minster

Foreign investors showed high interest in Russian Eurobonds and despite unofficial pressure bought over 70 percent of Russia's first sovereign debt offering since the Ukraine crisis broke out in 2014, Finance Minister Anton Siluanov said Tuesday.

MOSCOW (Sputnik) — The placement, managed by Russia's VTB capital, was scheduled for Monday, but the bond sale was extended to Tuesday to attract more investors from Asia.

"Russia has successfully placed 10-year Eurobonds worth $1.75 billion at the annual yield of 4.75 percent. The demand has reached some $7 billion. Over 70 percent of the issue have been bought by foreign investors, as we expected," Siluanov told reporters in Moscow.

"Despite the attempts to stop the investors from buying Russian bonds, the volume and quality of bids we at a good level. We are satisfied with the placement," Siluanov said.