15 June 2004 22:04
Russia may place $2.5 bln in Eurobonds in 2005
MOSCOW. June 15 (Interfax) - The Finance Ministry is considering placement of up to $2.5 billion in Eurobonds in
2005, materials submitted to the government together with 2005 budget parameters say.
"Borrowing on the foreign market through the placement of Eurobonds in 2005 will depend on market
conditions," the ministry says.
The government plans to raise $3.65 billion from foreign sources in 2005.
Together with the $2.5 billion Eurobond issue, the Finance Ministry plans to raise up to $174.9 million in tied loans
from foreign governments and $25 million from the World Bank. Russia also expects to use $952.4 million in non-finance
(target) loans from international financial organizations.
Russia plans to place up to $2.5 billion annually in Eurobonds in 2006 and 2007 and raise World Bank loans of $25
million per year. Target loans from foreign governments are not envisaged for 2005-2007. [RU ASIA EUROPE EEU EMRG ECI
GVD EUB] me
[Interfax] |
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