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Russian Finance Ministry Closes $1.1Bln Eurobond Sale

© Sputnik / Maksim Blinov / Go to the mediabank2015 St. Petersburg International Economic Forum (SPIEF). Day Three
2015 St. Petersburg International Economic Forum (SPIEF). Day Three - Sputnik International
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MOSCOW (Sputnik) - The Russian Finance Ministry said Tuesday it had closed the sale of 1 billion euros ($1.1bln) of Eurobonds that will mature in 2025.

"These results show that foreign investors have maintained interest in Russia’s sovereign credit risk and a high level of trust in its key economic rates," the statement reads.

The Moscow City International Business Center - Sputnik International
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Russia’s VTB Capital investment bank organized the placement in euros with an annual yield of 3 percent. The bonds will be settled via National Settlement Depository and Euroclear.

The Finance Ministry said 55 percent of the issue was bought by UK investors, while buyers from continental Europe purchased 18 percent. US investors accounted for only 3 percent of the issue. Russians bought the remaining 24 percent.

READ MORE: Expansion of US Sanctions Unlikely to Impact Russia's Sovereign Rating — Moody's

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