The Russian Finance Ministry is yet to decide on the placement of $1.25 billion more sovereign Eurobonds in 2016, Deputy Minister Sergei Storchak said.
“No decision has been made”, Storchak noted.
Finance Minister Anton Siluanov said that the government was considering placement of more sovereign Eurobonds because it had a budgetary gap to close after it postponed privatization of oil company Bashneft past 2016.
Russia placed $1.75 billion Eurobonds in May out of a $3 billion annual limit.
Storchak said that Russia was not ready to offer domestic OFZ bonds in yuans so far but some technical preparations for that were being made.
The bonds in yuans were to be bought by Chinese investors and to set a benchmark for corporate bond placement in the Chinese national currency.
Storchak also said that the ministry had not completed the borrowing program for 2017 because the budget plan had not been made. (Prime/Business World Magazine)
