24 April 2004 08:00
Russia may issue Eurobonds in 2004 - finance minister
Minister Alexei Kudrin said on Saturday while a top Kremlin adviser said the same day he saw no need for Russia to issue WASHINGTON. (Interfax) - The Russian government plans to decide next month whether to issue Eurobonds, Russian Finance The 2004 budget allows Russia to put Eurobonds on sale during this year to a maximum of $3 billion with a maturity of Eurobonds. five to 30 years. Kudrin told reporters in Washington that the decision on Eurobonds would depend on the economic forecast for Russia in 2004 and on the country's balance of payments. He said world oil prices had proved higher than the Russian government had expected and hinted that this meant there was less of a need for Russian Eurobonds. Later, Russian presidential economic adviser Andrei Illarionov told reporters in Washington that Russia's current balance of payments, world oil prices and a short-term capital inflow into the country led him to believe there was there was no need for Russia to issue Eurobonds. Russia has not issued any Eurobonds since its 1998 financial crisis.
[Interfax] |
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