Russian MinFin not to launch Eurobond road show before mid-March - Storchak
MOSCOW. Feb 3 (Interfax) - The Russian Finance Ministry will not launch a road show for sovereign Eurobonds before the middle of March, Deputy Finance Minister Sergei Storchak told reporters on the sidelines of the Russia 2012 forum.
The bonds will probably be dollar-denominated, he said.
Storchak said that the road show would be extensive. "A minister will definitely be at one of the points." He said that this will likely happen in Europe. "I don't' think we will bring him [a minister] across the ocean," he added.
He said that investor meetings would take place in London and Frankfurt, as well as three meetings in the U.S. and two in Asia, most likely Tokyo and Singapore.
Storchak added that due diligence would start as soon as the organizers present a prospectus. When asked when the prospectus would be received, Storchak said "They might have already brought it."
He did not specify the timing of the bond placement or its possible size.