Russian Investors Bought ~80% of X5 RUB Bond, VTB Capital Says.
Demand for X5 3Y bond was 30b rubles, sold 20b rubles, Andrey Solovyev, global head of DCM at VTB Capital, says by phone.
∙ NOTE: FINAL TERMS: X5 Finance RUB20b 3Y Bond 9.25%
∙ Overseas investors bought about 20% of placement
∙ Doesn’t expect many Russian retailers to issue Eurobonds
∙ Says some investors were concerned about ruble volatility amid Russia-U.S. tensions