Russia has raised $5.5bn (4bn euros; £3.5bn) in its first international debt sale since it defaulted in 1998. Initial reports said that demand for the Eurobond was five times higher than expected. The Eurobond was split between a $2bn issue repayable in five years, and $3.5bn in ten years.
Russia has raised $5.5bn in Eurobond!
I have been following this from its initial conception a few months ago. I was curious about what the outcome would be. Russia has tested the waters with this bond issuance because they needed to get a grip on what the markets are demanding.
Looks like a success…
Windows to Russia!