The Russian government will probably postpone Eurobonds placement. This decision can be taken as the EU and US bear pressure upon the banks. As a result, Moscow can’t find the organizer of the placement.
The Ministry of Finance failed to find a large western bank which could issue Russian Eurobonds. Chinese banks also were not able to prove their ability to proceed with Eurobonds placement.
However, according to some sources two western banks took interest in Eurobonds placement for Moscow, but the banks’ names were not specified.
The latest issue of Eurobonds of the Russian Ministry of Finance in the amount of $7 billion posted in September 2013 was carried out by VTB Capital, Deutsche Bank, Barclays, Royal Bank of Scotland, Gazprombank and Renaissance Capital.
In early February, the Russian Ministry of Finance announced the intention to place Eurobonds on $3 billion in 2016. The requests were sent to 28 banks, but the US government and the European Commission recommended financial institutions to avoid participating in this project.
The Russian party announced that they were able to attract a sufficient number of banks in order to carry out the placement, but later on, it was reported that the largest European banks wouldn’t participate.
According to the Wall Street Journal, BNP Paribas, Credit Suisse, Deutsche Bank, HSBC, and UBS are not going to take part in the deal.
