Russia Will Trigger Boom in the Market of Eurobonds

Investor demand for Eurobonds of the Russian Federation will be very high, expect  lead-managers, predicting the increasing activity on the external debt market. 

"We expect a very high interest of investors in securities regardless of their period" - said during an internet conference Deputy Director of the debt department of VTB Capital Kirill Kondrashin. 

Russia is going in April-May 2010 to return to the Eurobond market after a 12-years break. The volume of the first tranche will be $ 3.5 billion. The RF Finance Ministry is confident in success. Among the Lead managers are Barclays Capital, Citibank, Credit Suisse and Russian VTB Capital.

Deputy Finance Minister Dmitry Pankin said that the market may be offered securities for 10 years or 30 years. 

In recent days the activity of Russian borrowers on the primary eurobond market has risen sharply - yesterday  Alfa-Banl placed bonds, last week - Alliance Oil and Bank of Moscow, before that - VTB. Next week road show in Europe will begin Rosselhozbank. 

Nat Lawyer

Unel Legal Comsulting