MOSCOW (Sputnik) — The Russian Finance Ministry officially confirms an additional placement of $1.25 billion in eurobonds, a spokesperson for the ministry told RIA Novosti Thursday.
"We confirm the fact of the placement," the representative of the ministry's press service said.
Earlier in the day, a source in the Russian banking structures told RIA Novosti that the benchmark yield on bonds amounted to 3.99 percent. According to the source, the issuing of Russian eurobonds are expected to be conducted through the Euroclear international system and the National Settlement Depository (NSD). The deal is expected to be closed on Thursday.
In late May, Russia announced a return to the international bond market, launching sovereign 10-year Eurobonds worth $1.75 for the first time since 2013.
