Economics
Russia Sells $1.75 Billion in First Eurobond Since Sanctions
- VTB Capital was sole arranger of the deal to sell 10-year debt
- First Eurobonds since 2013 placed at yield of 4.75 percent
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Russia sold $1.75 billion of Eurobonds, marking its return to international debt markets even as U.S. and European Union sanctions remain.
The government placed the 10-year notes at a yield of 4.75 percent on Tuesday, according to Finance Minister Anton Siluanov. That compares with initial guidance of 4.65 percent to 4.90 percent, said a person with knowledge of the offering who wasn’t authorized to speak. VTB Capital, the investment-banking arm of penalized state lender VTB Group, was the sole arranger. The main buyers of the Eurobonds were investors from Great Britain, the head of the Finance Ministry’s debt department said.