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Eastern Europe
March 22, 2019 www.intellinews.com I Page 19
Russia places
$3bn and €0.75bn Eurobonds in biggest issue in six years
Vadim Dumesh in Paris
Russia's Finance Ministry has swiftly placed $3bn and €0.75bn worth of Eurobonds, maturing in 2035 and yielding 5.1% and 2025/2.375%, respec- tively – the biggest issue in six years. The issue was organised by VTB Capital and Gazprombank.
The sovereign placement tests the investor mood and amid sanction pressure. In November 2018 Russia placed €1bn worth of seven-year bonds, issuing euro-denominated securities with a five- year maturity, despite the military crisis in the Azov Sea.
In March 2018, the Finance Ministry placed $4bn worth of Eurobonds that generated high demand of $7.5bn despite escalating tensions with the West. Out of the placement $1.5bn was a new is- sue and $2.5bn refinancing of old issues.
"As the FED confirmed a pause in monetary policy tightening yesterday, we see the timing as favour- able," BCS Global Markets commented on the latest placement on March 21, adding that "given a strong appetite for risk overall, we expect strong demand regardless of whether or not sanction risks are still on the table."
The US Dollar placement was the largest since 2013, with 55% of the issue bought by UK inves- tors, 21% by US, 11% by Russian, 8% by European, 4% by Asian and 1% by Swiss investors. 207 bids for the issue peaked at $7.5bn demand.
Read the full story here
bne:Tech
May, 2018 www.intellinews.com @bneintellinews
Avast to enter London bourse in bid to raise up to $1bn Jaroslav Hroch in Prague
Avast, which owns the popular consumer antivirus company AVG, will apply to list its shares on the London Stock Exchange in the hope of raising $200mn (CZK4.1bn) in primary proceeds from an IPO, the Czech-founded company announced on April 12.
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St Petersburg's start-up scene flourishes on high talent and low costs
Contents
Avast to enter London bourse
in bid to raise up to $1bn 1 Avast to enter London bourse in bid to raise up to $1bn 2 St Petersburg's start-up scene
flourishes on high talent and low costs 3 Romania entrepreneur aims to put home-grown UAV defence technology industry on the map 6
FinTech
Russia's mobile major MTS increases stake in Ozon to 16.7% 9
Blockchain
Romanian startups at the heart
of blockchain energy trading rally 10
Central Europe
Russian-Lithuanian startup Gosu.ai
raises $1.9mn from Russian and
French investors 13
Eurasia
Iran hit by cyber attack that left US
flag on screens 14 Iranian government set to block hugely popular Telegram messaging app 15 Iran's black market phone disconnection drive pushes up legal mobile imports 15
Eastern Europe
Internet catches up with TV on Russian
ad market 17 Sales of connected appliances jump
in Russia 17 Russia's HeadHunter Group seeks
to raise $250mn with NASDAQ IPO 18 Russia ranks second in the world
for digital piracy 18 Russian messaging service Telegram raised another $850mn with ICO 19
Southeast Europe
Russia's HeadHunter Group seeks
to raise $250mn with NASDAQ IPO 20
The Regions This Month 21
Filip Brokes in St Petersburg
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