Russia raises $7 billion in eurobonds

Russia raised $7 billion in eurobond offering Wednesday that drew strong demand from investors due to increased market confidence and a strong oil price.

The placement, Russia’s first international offering in two years, was the largest emerging market sovereign offering since 2000.

The government placed $3 billion in 30-year bonds, $2 billion 10-year bonds and $2 billion in five-year bonds, fully covering its foreign borrowing plan for 2012.

Link (submitted by Sun Jin)