Russia sells $7 Bln in Eurobonds

Russia sold $2 billion five-year Eurobonds, $2 billion 10-year Eurobonds and $3 billion 30-year Eurobonds, the country's Finance Ministry said on Friday. The coupon rate for five-year bonds was 3.25 percent, for 10-year bonds it amounted to 4.5 percent, while the rate for 30-year bonds stood at 5.625 percent. The offering price for each pack of bonds was $200,000. Five-year Eurobond yield was 3.325 percent, while for 10-year bond it was 4.591 percent and for 30-year securities it amounted to 5.798 percent. The issue of the 30-year bonds will be a guideline for long-term borrowings of Russian companies, Finance Minister Anton Siluanov said on Thursday. In 2010, Russia placed Eurobonds worth $5.5 billion for the first time after a 12-year gap. The Eurobond issue two years ago was heavily oversubscribed.