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Comment by Andrey Solovyev, Global Head of DCM at VTB Capital, for Bloomberg

11 April 2017
Bloomberg
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

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