Eurobonds rising on UST
MOSCOW. Aug 29 (Interfax) - Prices for the majority of Russian Eurobonds were gaining on Tuesday evening as US Treasuries rose, demand growing amid a new wave of tension with North Korea.
Russia's 2030 bond rose 3 basis points from previous closing by 6:15 p.m. Moscow time at 120.06%, with yield down 1 basis point at 2.10% per annum. Four-year UST were up 10 bps from previous closing at 101.37%, with yield down 4 bps at 1.38%. Spread between Russia 30 and UST4 widened 3 bps to 72 bps.
Russia's 2043 bond was up 36 bps at 115.82% yielding 4.80%, down 2.5 bps; the 2042 bond was up 41 bps at 112.22%, yielding 4.775%, down 2.5 bps; and the 2023 bond was virtually unchanged at 109.12%, yielding 3.2%.
The new Eurobond issue maturing in 2047 rose 32 bps to 103.73%, with yield falling 2 bps to 5.01%, and the new 2027 bond was up 13 bps at 102.35% with yield down 1.5 bps to 3.96%.
