ST PETERSBURG: Rus­­sia is considering issuing a sovereign Eurobond as market conditions are currently favourable, Finance Minister Anton Siluanov said.

In March, Russia raised $3 billion in a new dollar-denominated Eurobond and 750 million euros ($850m) in a top-up issue of an existing euro-denominated Eurobond.

“We would have borrowed now probably on better terms than at the beginning of the year,” Siluanov told reporters on the sidelines of an economic forum late on Friday.

He declined to say if that could happen this month or later.

Sergei Storchak, a deputy finance minister, was cited as saying on Saturday that Russia could top up an existing Eurobond issue denominated in the same currencies as before.

Speaking to reporters on the sidelines of a G20 ministerial meeting in Japan, Storchak did not rule out Russia tapping the market for a second time this year, according to Russian news agencies.

Published in Dawn, June 9th, 2019