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Foreign investors retain trust in Russia's sovereign debt despite sanctions: finance ministry
Last Updated: 2018-12-05 17:29 | Xinhua
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The Russian Finance Ministry said on Tuesday it had closed the sale of 1 billion euros (about 1.1 billion U.S. dollars) of Eurobonds, which showed that foreign investors have retained trust in Russia's sovereign debt despite sanctions.

Last week, the Finance Ministry opened its book for the placement of euro-denominated bonds which will mature in 2025, as the first issue of Eurobonds denominated in euro since 2013.

"The results show that foreign investors have high level of trust in fundamental indices of the Russian economy, although external conditions for the placement were far from being favorable," the ministry said in a statement.

According to the statement, 55 percent of the issue was bought by British investors, while buyers from continental Europe purchased 18 percent. Only 3 percent went to investors from the United States, and Russians bought the remaining 24 percent. Enditem

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