Most Eurobond prices little changed, long issues up on MinFin comments
MOSCOW. Dec 18 (Interfax) - Prices for most Russian Eurobonds were little changed in Monday, although long issues went up in price after the Finance Ministry said it would not be rushing into any new sovereign bond offerings.
Russia's benchmark 2030 bonds had inched up 5 basis points from previous closing by 6:15 p.m. Moscow time to 115.59%, with yield down 2 bps at 3.11% per annum. Four-year US Treasuries were down 1 bp from previous closing at 99.95%, with yield unchanged at 1.89%. Spread between Russia-30 and UST4 narrowed 2 bps to 122 bps.
But Russia's 2043 bond was up 32 bps at 116.25% yielding 4.77%, down 2 bps; the 2042 bond was up 35 bps at 112.31%, yielding 4.765%, down 2 bps; the 2026 bond was up 16 bps at 106.38% yielding 3.86%, down 2 bps; and the 2023 bond fell 8 bps to 108.51% in price yielding 3.24%, down 1.5 bps.
But the new 2047 bond rose a substantial 38 bps to 104.48% yielding 4.96%, down 2 bps; and the new 10-year bond maturing in 2027 was up 11 bps at 103.04%, with yield down 2 bps at 3.865%.