Several Russian Companies May Issue Eurobonds Before August

© Sputnik / Maksim Blinov / Go to the mediabank2015 St. Petersburg International Economic Forum (SPIEF). Day Three
2015 St. Petersburg International Economic Forum (SPIEF). Day Three - Sputnik International
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New Russian corporate Eurobond issuers may appear on the market before August, Andrey Solovyev, the global head of debt capital markets at VTB Capital, told Sputnik.

Moscow Stock Exchange - Sputnik International
High in Demand: Why Foreign Investors Want to Buy Russian Eurobonds
MOSCOW (Sputnik) — After Russian sovereign Eurobonds worth $1.75 billion entered market in late May, three companies – NLKM, Evraz and Sovcomflot — issued in total almost $2 billion-worth of Eurobonds.

"I think, we will see a number of deals before August. I cannot give you specific names, but it will be already well-known borrowers, as well as some new names," Solovyev said.

"In previous instances, we saw that it was mainly [companies engaged in] metallurgy, transportation, so this motion will continue, although there will be representatives of other sectors, too," he said.

On May 23, Russia announced a return to the international bond market, launching its first Eurobond offering in over two years. VTB Capital, a subsidiary of the Russian VTB Bank financial services corporation, had been designated to carry out the bond operations, with the 10-year bond yield reportedly set to be between 4.65 percent and 4.9 percent per year.

Later in May, Finance Minister Anton Siluanov said that Russia had raised $1.2 billion in the latest foreign Eurobond issue.

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