"I think that the sovereign issues will no longer be placed following the old corporate standards, and will be conducted through the NSD. I do not exclude that a number of quasi-sovereign issuers will also issue [Eurobonds] through the NSD," Solovyev said.
According to Solovyev, Russian Eurobonds are among the most attractive for foreign investors amid low interest rates on the global market.
After Russian sovereign Eurobonds worth $1.75 billion entered market in late May, three companies – NLKM and Evraz steel firms and Sovcomflot maritime shipping company — issued in total almost $2 billion-worth of Eurobonds.
"Interest rates on the global market are quite low, so it is difficult to find such issuers as attractive as the Russian ones… A bond repurchase scheme stipulating a simultaneous pre-emptive right to the sale of new bonds is popular among investors," Solovyev 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.
