Russia FinMin says market conditions are favourable for Eurobond issue

Russia is studying issuing a sovereign Eurobond as market conditions are now favourable, its Finance Minister Anton Siluanov said at an economic forum on Friday.
“We would have borrowed now probably on better terms that at the beginning of the year,” Siluanov told reporters on the sidelines of the forum.
The Russian minister declined to say if that could happen this June or later.
VTB Capital, the investment bank that organised Russia’s latest Eurobond issues, also told Reuters this week that market conditions were favourable for a Eurobond issue.
Speaking about oil, Siluanov said it would not be fair for the Russian government to compensate oil companies for shortfalls that they might face because of the global deal to cut production that Russia and other major crude producers have signed.
The head of Russian oil giant Rosneft, Igor Sechin, said earlier this week the company was discussing possible compensation with the government in the event that a global deal to cut supply is extended.
Source: Reuters