Demand for Russian Eurobonds exceeded $ 7.5 billion, with almost 200 foreign investors willing to buy them. Over the half of the bonds were bought by American investors.
"Appetite for Russian credit market has reached a level that we have not seen for a long time," representative of Citigroup in London Blazej Dankowski told the newspaper.
Experts argue that this is very positive development for Russia as for a long time the country's budget has been financed mainly from the two state funds, the Reserve Fund and the National Welfare Fund, which was actually designed for the financing of pensions.
According to Die Presse, Russia could actually borrow significant amount of money from other countries, because the country's obligations to external creditors make up only 15% of its GDP, which is quite a low figure. But the fear to become dependent on other states has always prevented Moscow from this step.
According to several reports, after the two years of recession, Russia is currently on the path of stabilization, Die Presse noted.
Thus, the international rating agency S & P Global Ratings changed its outlook on Russia's long-term credit rating from "negative" to "stable."
