Russia may place sovereign euro-denominated Eurobonds next year with volume matching the $5.5 billion the country issued in dollar debt in April, deputy finance minister Dmitry Pankin said late yesterday.
"In our debt strategy we noted that after we will have established a benchmark in dollars, it would be desirable to have such an issue also in euros," Mr Pankin told journalists on the sidelines of the World Bank/International Monetary Fund meetings in Washington.
He said that the exact volume of the offering will be determined by market conditions, but it should more or less correspond to the dollar placement.
Russia priced $5.5 billion in five-year and 10-year papers in April, tapping the international debt markets for the first time since 1998 to cover budget deficit that came as a result of the country's worst recession in more than a decade.
Reuters