Russia may place Eurobonds in 2013 for same period as in 2012 - Siluanov
MOSCOW. Feb 4 (Interfax) - Russia may place sovereign Eurobonds this year for the same period as last year, Finance Minister Anton Siluanov said.
"Look, it was like that last year. I think that we will keep to these guidances," Siluanov told the press on Monday when queried as to timeframe.
Russia placed five-year, ten-year, and thirty-year securities March 28 in the entire amount determined in the budget for the year - $7 billion.
Earlier, Deputy Finance Minister Sergei Storchak said that Russia was unlikely to enter the market with Eurobonds in the first quarter of 2013 because of differences with the Economic Development Ministry over how to select agent banks.
The Economic Development Ministry is not satisfied with the scheme for choosing placement organizers. The Finance Ministry has not been able to coordinate it with that ministry.
Deputy Finance Minister Sergei Storchak said the Finance Ministry planned at the end of February to determine, together with lead managers, whether it was necessary to conduct a Eurobond road show at all.
He said that the possibility was being considered of issuing bonds denominated in dollars. Also, it would be preferable to place the bonds immediately in the amount envisioned in the borrowing program for this year - $7 billion.
As to when the Finance Ministry thinks it would be best to borrow on the external market, Storchak said that the size of the placement "is too small to be concerned about placement dates."