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.
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.