Russia’s state development bank Vneshekonombank (VEB) is considering a second offering of Russian eurobonds amid high demand from international investors, the RIA Novosti news agency reported Friday.
The Russian Finance Ministry sold bonds worth $1,75 billion this week, but total demand stood at $7 billion, the Ministry said. An additional $500 million of bonds were bought by Russian banks.
“We are not ruling it [the possibility of secondary offering of bonds] out. I think it is likely that we will enter the market this year,” said VEB’s first deputy chairman Nikolai Tsekhomsky, RIA Novosti reported.
Head of Russia’s second-largest bank VTB, Andrei Kostin, said that 70 percent of bonds were purchased by investors from the United States, Britain, continental Europe and Asia.