Russia has sent 25 requests to foreign banks on the organization of a possible placement of Eurobonds in 2016. This is stated in the documents of the Ministry of Finance of Russia published on its website on 5 February.
Requests, in particular, is directed Barclays, BNP Paribas, Bank of America Merrill Lynch, Bank of China, Wells Fargo, Goldman Sachs, J. P. Morgan, Deutsche Bank, Industrial and Commercial Bank of China, Crédit Agricole, Credit Suisse, Landesbank Baden-Wuerttemberg, Morgan Stanley, Mizuho Financial, Nomura, Citigroup, Societe Generale, Scotiabank, TD Securities, China Construction Bank, Agricultural Bank of China, HSBC, RBC Capital Markets, UBS, UniCredit, as well as three Russian banks: “VTB Capital”, Gazprombank, Sberbank CIB.
The last time Russia took on the international markets in September 2013, when he sold the paper for $6 billion maturing in 2019, 2023 and 2043 respectively. Since then, Russia has not appeared on the international capital markets because of Western sanctions imposed after the annexation of Crimea, which effectively closed the country to foreign debt markets (though Western sanctions do not apply to hoteistitania).
Last week, Deputy Finance Minister Sergei Storchak said that Russia plans this year to return to the market of external borrowings. “We’ll see. Probably still going to prepare the issue,” he said. Earlier in January he said that foreign government loans will not be until towards Russia are sanctions. “Restrictions have not been removed — what’s the point? Why labor in vain?” — he said then.
“This is not a signal of despair,” — said the representative of the London Bloomberg Rogge Global Partners strategist at Michael. “They [the Russian authorities] are trying to get funding. At some point sanctions will be lifted. Banks can use this as an opportunity to communicate with government for future deals with the Russian corporations,” he said, adding that the Russian Eurobonds “can be interesting, if will be good price”.