Russian Ministry of Finance does not rule out floating over $3 bln worth Eurobonds in 2016

LIMA, October 9. /TASS/. The Russian Ministry of Finance does not rule out floating over $3 bln worth Eurobonds in 2016 if market environment is favorable, Deputy Finance Minister Sergey Storchak said on Friday.

"The budget is fairly flexible. We are talking about three billion so far. If the market situation is good, we will be probably able to change our plans. I mean international borrowings, so that to keep the window of opportunities."

The Russian Government earlier approved the draft budget for the next year providing for borrowings amounting to $3 bln and 500 bln rubles ($8.2 bln).

Instruments and markets may vary, Storchak said. "We do not focus on specific markets for borrowings, this is premature. The equivalent of three billion is provided and instruments and markets may be different," the deputy finance minister added.

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