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Asian investors have shown great interest in Russian Eurobonds in the road-show, held at the Asian sites, told a source familiar with the process of road-show. "I know that everything is normal. There is great interest and great attention. But we still believe that the main investor is still in the USA," - he said.
According to the source, Asian investors mostly focuse on their national borrowers as well known for its own debt instruments. He also noted that, according to the market conditions, the volume of the first tranche of Russian Eurobonds can be more than 3.5 billion dollars.
Meanwhile, Reuters news agency reported today, citing a source in banking circles that Russia could issue securities on $ 5 billion in two tranches with a term of 10 and 20 years. "This information comes from traders," - he stressed. In turn, a source close to the deal, added that there are no information on the precise parameters of the issue yet.
Nat Lawyer
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