Military Review

Russian Eurobonds, or How to borrow in terms of sanctions

63
Perhaps the main economic news in Russia in the week becomes news about the return of the "torn to pieces of the economy" of the Russian Federation to the market of foreign borrowing. Without any special announcements, after almost a 3-year break, Russia decided to announce the placement of Eurobonds totaling 3 billion dollars. The book of applications for Eurobonds opened on 23 in May and was supposed to close at 14: 00 (MSK) for the next day, however, with the closure of accepting applications, it was decided to wait a little, since the daily demand for Eurobonds exceeded two-fold their value. By the two o'clock in the afternoon of May 24, the proposals amounted to almost 6,4 billion dollars.


Now it is worthwhile to present the definition of Eurobonds (Eurobonds), which should be understandable to an ordinary person who is not particularly interested in economic cobwebs, but is still interested in the state of affairs in the domestic economy. So, what should be understood by Eurobonds? To put it simply, these are actually securities issued by large companies, banks, and governments of countries to attract loans for a fairly long period. The limit for Eurobond validity is 40 years, although in practice the borrowing period and its payment are much lower. At the same time, legal entities responsible for the distribution of Eurobonds when they are placed, undertake to guarantee profitability from the sale of such securities. The prefix "euro" in relation to bonds does not mean at all that the placement can be associated exclusively with the territory of Europe. The fact is that historically the first bonds of this nature appeared in Europe, hence the prefix "euro". But in fact - place it even in Asia, even in Africa - if only there are those who wish to invest in your debts, waiting for payment of interest dripping on them in your wallet.

In general, to put it more simply, Russia decided to borrow money on the foreign market, in fact promising a guaranteed return by deciding on the provision of funds. Guaranteed! Well, not Ukraine, after all ...

The amount was determined - 3 billion dollars (again, there are some numerical associations with the "Square" - it is possible that just a coincidence ...). The percentage of return is also determined - 4,65-4,9% per annum. And by international standards, this is a very attractive percentage, which, on the one hand, should seem to indicate risks, and on the other hand, that Russia is a “generous soul”. The placement period is also defined - 10 years.
An important question that many are asking today: but isn't Russia under sanctions? How can the Russian Federation place Eurobonds if the “good uncle” of Washington effectively prohibits working with “undemocratic Russians” to the leading international securities settlement systems of Washington?

For a long time, the main snag for Russia was that none of the major international “partners” found the willpower to try to place Russian Eurobonds on its own behalf, despite the relatively high interest rates that Russia pledged to pay. But the solution was found. If foreign "partners" cannot go against the directives of Washington, then you need to look for your own options. Found The organizer of the placement of Russian debt securities was VTB Capital, and the National Settlement Depository will serve the issue of Eurobonds. And one and the other has Russian jurisdiction, and therefore all "frightened by sanctions" can go to the forest, and the rest - if you want to invest.

Russian Eurobonds, or How to borrow in terms of sanctions


Among the "frightened" remain for the most part Western major "partners", including, for example, "Goldman Sachs" and "Deutsche Bank". But there is a steady increase in the number of Asian companies interested in acquiring Russian Eurobonds. The main reason for such an interest is that only in the first 4 months of the current year Russian Eurobonds brought their holders a substantial percentage - 7% (in dollar terms), which is one of the leading indicators in the world among countries with developed and developing economies . This proves that investing in the Russian economy, with all its problems, is beneficial, although investing precisely in the economy of the problematic period makes it possible for those who invest to make impressive profits. Although the risks, too, has not been canceled. However, with all the risks Russia is trusted. Well, Russia is not accustomed to imposing "unlimited vetoes" on payments on government bonds ... Even in much more difficult times, Russia paid off debts (for itself and for the "fraternal peoples of the former USSR").

In order to attract even more investors, Russia decided to go one more interesting step: it was announced that the funds received from the placement of Eurobonds would be directed to the currency account of the Federal Treasury at the Central Bank of Russia and would not be involved in projects that are under Western sanctions. Like, "know crime", - as our minister of sports would say.

This also added interest to the Eurobonds being placed, and even those who are among those supporting anti-Russian sanctions already licked their lips at the sight of interest. In fact, these comrades, who, as they say, are not comrades at all, received a signal: if you still support sanctions against the Russian Federation, then you can’t see even quite good interest rates on the possible acquisition of Eurobonds placed by the Russian Federation by today's standards. Are they upset about it? Well, on the one hand, 3 billion - not exactly the amount due to which large Western money bags will allow themselves to be upset, but on the other - not all bags in the West are exceptionally large.

Moreover, Russia is sending another signal: no one is going to stand on the porch with an outstretched hand and pleading “give credit”. And what should we stand for, if after the “most independent in the world” international rating agencies were quick to give the Russian economy a rating close to “trash” (or even directly “trash”), interest on loans for Russia (and all of them Equally give are not eager) turned into wild. Instead of wild interest, Russia offers potential lenders 4,9% per annum on the issued bonds, and after all, those who want to lend to these percentages fly together. So, the garbage rating of Russia has nothing to do with reality.

The profitability of work in the Russian market is confirmed by the “sanctionists” themselves. Thus, the publication of reports by a number of European banks that left the Russian market, indicates a drop in revenue.

Newspaper "News"referring to the data of the NRA (National Rating Agency) reports that the Belgian KBC Group (691 million dollars), Barclays Bank PLC (625 million dollars) and Bank of Cyprus (443,8 million dollars) suffered the greatest losses. Having abandoned the “daughters” who worked in Russia, these banks faced financial losses, which so far have nothing to cover. Now the main question for them is: how to come back and not annoy the "uncle from Washington" ...

Another thing is that one can be killed about the "inability of Russia to live without external borrowing." Well, this is already a separate conversation - kill yourself, do not kill yourself, this is all the “charms” of a market economy, in which the sacred cow has always been a swelling debt bubble and the repayment of interest on other borrowings alone. Moreover, the paradox of a market economy is that the volume of your debt de jure (in relation to at least the “elected” states) does not in any way affect your credit image. Well, if we have not built communism, we have to delve into the capitalist nuances and look for options for maneuver, even if it looks like it’s not even Komsomol-like.
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  1. Fisman
    Fisman 25 May 2016 06: 02
    +9
    Russia has too much money or vice versa? )))
    1. Nsk 54
      Nsk 54 25 May 2016 06: 37
      +16
      Quote: Fisman
      Russia has too much money or vice versa? )))

      “No money, good mood for you”
      1. Inok10
        Inok10 25 May 2016 11: 00
        +12
        Quote: Nsk 54
        “No money, good mood for you”

        ... well, it depends on who ... everything is funnier ... on an everyday example ... the family budget ... The government is husband and wife, the Central Bank - mother-in-law ... husband and wife earned money, made up the family budget ... the surplus left the mother-in-law, she manages the stash and saving it ... if you got a budget where you got it, you know to the mother-in-law that you don’t have to go to the stash, you need a stash ... for an apartment, for a new car, for teaching a child etc. (if I have my own secret, from my wife and mother-in-law, to fishing rods and hooks laughing and sometimes allowed for family needs at a time of crisis) ... and how her mother-in-law keeps her and where and how she saves her from inflation, etc. Her husband and wife are not concerned, only at the level of deliberative consensus ... well, in my family and there is ... now this moment should be disassembled separately ... Alexey Batkovich Volodin missed it, but he put the plus anyway ... The Ministry of Finance is placing Eurobonds! ... ah, the Treasury mattress buys the Central Bank ... do you feel the difference? ... and the goals and objectives are different in this case ... why is it written, to those commentators who have mastered only two actions from elementary school mathematics, subtraction and addition ... they stupidly subtract the percentage of mattress treasures from the Eurobonds percentage and fight in hysterics ... everything is gone, the plaster is removed to the client (s) ... Thus, the Central Bank (mother-in-law) has money!, but she will not give it to you, and you need to plug a hole in the budget ... well, you won’t guess what might happen from force majeure ... one car is worth what ... the last trip to barbecue cost a pallet of crankcase ... here’s a hole in the budget of 6 500 rubles . ... laughing
        - The Central Bank buys treasuries to preserve the liquidity of savings and spit on the percentage of income, the main thing is that it would exceed inflation and the deferred would be safe and sound
        - The Ministry of Finance places Eurobonds to address current and immediate needs
        ... I ask Alexey Batkovich Volodin to be more precise in definitions and facts when writing materials, because the generalized definition of Russia ... to put it mildly, misleads readers about what is happening ... hi ... in general, from my personal point of view ... the situation is funny to the limit ... so what is there with isolated Russia ?! ... ah, Messrs. and the Anglo-Saxon ladies? ... sadness ... to see the electrical tape was not enough ... gee-gee-gee ... and they even deprived themselves of guaranteed income, well, if you can invest in Deutschebank, he gives 5% per annum in Belgium on deposits in euros, with an average percentage of 2-2,5% ... it was not too foolish to see ... laughing
      2. ism_ek
        ism_ek 25 May 2016 11: 39
        +14
        Quote: Nsk 54
        “No money, good mood for you”

        Have money. Russian banks became the real buyers of Eurobonds. They take money from the population for deposits at 1..2% per annum and give it to the state at 5%. Why doesn't the state want to take money directly from the population? Why do we need intermediaries who take the lion's share of income? All over the world, the margin of banks in such operations is 0,1..0,2%, we have 3-4%

        And the Central Bank pays the banks for the remaining balances. accounts 10% per annum. (in most normal countries these rates are negative) Why should a bank give loans, invest in the economy, keep money in your account and get a stable income.

        This is the economy of kickbacks "according to Kudrin." The rich get richer the poor get poorer.
        1. ism_ek
          ism_ek 25 May 2016 17: 03
          +2
          Quote: ism_ek
          This is the economy of kickbacks "according to Kudrin." The rich get richer the poor get poorer.
          If you have $ 200000, then you buy Eurobonds with an income of 5%, which you can always sell or buy.
          If you do not have such an amount, you will transfer your $ to Sberbank at 1.5%, without the possibility of early replenishment or expenditure of funds.
        2. The comment was deleted.
        3. fif21
          fif21 26 May 2016 04: 47
          +1
          Quote: ism_ek
          They take from the population money for deposits at 1..2% per annum and give it to the state at 5%.
          The euro rate of Sberbank is 0,1-0,2% yes
    2. razmik72
      razmik72 25 May 2016 06: 46
      +19
      Quote: Fisman
      Russia has too much money or vice versa? )))

      As the Russian poet wrote, it’s impossible to understand Russia, you can’t measure the total arshin. Russia buys US government debt bonds and almost simultaneously places Eurobonds on foreign markets in order to attract borrowed funds. The question is, where is the logic? The author of the article writes with enthusiasm that Eurobonds provide their owners with a very high income, but this is very bad in terms of the sustainability of public finances.
      1. andj61
        andj61 25 May 2016 08: 28
        +5
        Quote: razmik72
        The author of the article enthusiastically writes that Eurobonds provide their owners with a very high income, but this is very bad in terms of the sustainability of public finances.

        High income for them yes but not for us winked ! It’s very expensive to take VTB at 4,9%, give the population very cheap at 16% - all in chocolate: both Western investors and Russian bankers! fellow
      2. Nikolay K
        Nikolay K 25 May 2016 08: 49
        +6
        Eurobonds will be sent to the currency account of the Federal Treasury with the Central Bank of Russia

        That is, we pay almost 5% per annum, stupidly so that the currency lies on our account? Oh yes, the money will not lie, we will put it into circulation - we will buy US treasury bonds with a yield of 1,5% per annum. And what a good business: borrow at 5% to invest under 1,5%.
        1. fif21
          fif21 26 May 2016 05: 07
          +1
          Quote: Nikolai K
          And what a good business: borrow at 5% to invest at 1,5%.
          Politics my friend, politics is a signal to partners - earn money on us in the Papuans wassat In Russia, a queue is lined up for Eurobonds, but economic traitors do not need this, give foreign investments !!! And who will pay off the debts? -Russian Vanya is a taxpayer? It is not the West that is robbing Russia, it is their pee pee pee who sell it cheaply, and this despite the fact that Russia has gold reserves and a "money box". hi
    3. Aleksander
      Aleksander 25 May 2016 06: 55
      +25
      Quote: Fisman
      Russia has too much money or vice versa? )))


      Along with the issue of Eurobonds, Russia again bought several billion dollars of American cut paper with a yield of 05%. For their own pay 4,5%.
      That is, they sold their Eurobonds in order to ... buy US bonds and pay more .... dividends 4%.! fool
      1. runway
        runway 25 May 2016 07: 16
        +7
        Indeed, it is simply an amazing "entrepreneurial spirit"!
        At the same time, we have on deposits in foreign currency - 1% - 1,5% ...
        This begs the question: "Who do they work for ?!"
        1. 34 region
          34 region 25 May 2016 07: 34
          +4
          Piston! 07.16. As I understand it, we took loans at 4,9%. So we have no money in principle. And then at what interest will they give loans with us? And what kind of production will develop at these percentages? After all, this money and interest must be returned and still leave a fat. And then there was another figure of 7% for 4 months. For the year 21% is obtained. Is it like we have economics or inflation?
          1. runway
            runway 25 May 2016 11: 04
            +4
            34 region.
            The indignation of the participants in the discussion is very justified.
            I have a strong opinion that our leaders have established such favorable conditions for the West in order to quickly get NOW at least some money. Reserves are quickly melting. We will pay again.
            And what will happen after the election?
          2. The comment was deleted.
          3. fif21
            fif21 26 May 2016 05: 14
            0
            Quote: Region 34
            Is it like we have economics or inflation?
            The economy is creeping, foreign investors and creditors are fattening, but for pensioners there is NO MONEY, you are holding on wassat
      2. Ami du peuple
        Ami du peuple 25 May 2016 08: 02
        +7
        Quote: Aleksander
        That is, they sold their Eurobonds in order to ... buy US bonds and pay more .... dividends 4%.!
        Some kind of surrealism .. Although, at one time, there was a clear definition for such a syur - wrecking on an especially large scale, coupled with high treason.
        1. The comment was deleted.
        2. fif21
          fif21 26 May 2016 05: 16
          +1
          Quote: Ami du peuple
          large-scale wrecking, coupled with treason.

          And the logical end
      3. slimp
        slimp 25 May 2016 12: 29
        +3
        Nonsense! I would very much like these clever people from the government to ask such a question (about logic) and listen to what they will sing ... It looks like a pullback in favor of the United States in its purest form ...
      4. ALABAY45
        ALABAY45 25 May 2016 13: 50
        +1
        I only dream of: swept cement dust from a crushed wall, pieces of expensive eyeglass frames, cellulite bodies sliding on a cool and bloodied floor, manicured fingers clinging to Russian concrete and the ringing sound of empty shells bouncing in the rays of the rising sun ...? ! am
        1. Al1977
          Al1977 25 May 2016 17: 57
          0
          Quote: ALABAY45
          I only dream of: swept cement dust from a crushed wall, pieces of expensive eyeglass frames, cellulite bodies sliding on a cool and bloodied floor, manicured fingers clinging to Russian concrete and the ringing sound of empty shells bouncing in the rays of the rising sun ...? ! am

          Yes. I still have a woman from time to time dream.
          1. ALABAY45
            ALABAY45 25 May 2016 18: 13
            0
            Get yourself a woman! And, what is it - "major", but without a woman ... repeatAlarming ...
          2. fif21
            fif21 26 May 2016 05: 20
            0
            Quote: Al1977
            Yes. I still have a woman from time to time dream.
            Baba yaga? Woman with a scythe? -receive laughing
    4. Blondy
      Blondy 25 May 2016 07: 15
      +7
      Cool business in Russian we buy bonds at less than 2% (yield of 10 US summer bonds) and we ourselves borrow at 4.5 - 5% per annum (our 10 year bonds).
      1. Monster_Fat
        Monster_Fat 25 May 2016 08: 49
        +3
        Buying US bonds is not an unprofitable "business" in Russian, it is a kind of "tax" that we, unfortunately, are obliged to pay to the Fed and the IMF for their "loyalty" for the fact that we are not yet disconnected from SWIFT and are not blocked by everything foreign currency accounts of our state, which for the most part are located, namely, in American banks.
      2. Stas157
        Stas157 25 May 2016 09: 17
        +2
        Quote: Blondy
        Cool business in Russian we buy bonds at less than 2% (yield of 10 US summer bonds) and we ourselves borrow at 4.5 - 5% per annum (our 10 year bonds).

        It should be understood that the state (government) is invested in the US treasury funds in order to increase reserves of gold reserves (cache), and the currency attracts business bonds. There is a difference.
        3 billion is a drop in the ocean. Our enterprises had not yet owed 500 billion dollars to Western banks at the time of the announcement of the sanctions! Another question, not all enterprises need a currency, just our banks do not give rubles at such a percentage! Ruble dear!
        1. razmik72
          razmik72 25 May 2016 12: 01
          +2
          If Russian banks are forced to attract loans in the form of Eurobonds, it would be much better if the government of the Russian Federation loaned them this money, instead of placing their foreign currency assets in US government bonds.
          1. Stas157
            Stas157 25 May 2016 12: 36
            +3
            Quote: razmik72
            If Russian banks are forced to attract loans in the form of Eurobonds, it would be much better if the government of the Russian Federation loaned them this money, instead of placing their foreign currency assets in US government bonds.

            As I understand it, the difference is in liquidity. American treasuries can be dropped at any time, transferred to the cache, which cannot be done with the debts of our banks.
            1. razmik72
              razmik72 25 May 2016 12: 52
              +2
              Quote: Stas157
              Quote: razmik72
              If Russian banks are forced to attract loans in the form of Eurobonds, it would be much better if the government of the Russian Federation loaned them this money, instead of placing their foreign currency assets in US government bonds.

              As I understand it, the difference is in liquidity. American treasuries can be dropped at any time, transferred to the cache, which cannot be done with the debts of our banks.

              This liquidity can go sideways for any country.
    5. Awaz
      Awaz 25 May 2016 09: 21
      +5
      but rather politics. $ 3 billion is a two-day budget revenue of the Russian Federation. Would you take a loan from a bank equal to the two-day salary for 10 years?
      The authorities are again trying to get into international debt. Not even because there is no money, but because it would be necessary to demonstrate that we are supposedly part of the global system.
      I don’t even know how to evaluate it. On the one hand, you cannot be isolated from the world, but on the other ... In general, time will judge
    6. The comment was deleted.
    7. siberalt
      siberalt 25 May 2016 09: 31
      +4
      There was an interesting program on TV the other day. Gathered a "mighty bunch" of experts from the HSE. The host asked them the same question - is there a government plan to overcome the crisis and what are the reasons for the economic recovery of Russia. The "wise men" could not explain anything intelligible.
      1. avt
        avt 25 May 2016 09: 48
        0
        Quote: siberalt
        There was an interesting program on TV the other day. Gathered a "mighty bunch" of experts from the HSE.

        HSE has a plan and they smoke it themselves and will not share it with anyone. Yet again
        Quote: siberalt
        The "wise men" could not explain anything intelligible.

        Well, try to plant a vodara bubble and then start to say something intelligible. wassat And here people smoke a plan! laughing It is necessary to wait when they get smoked and let go.
    8. avt
      avt 25 May 2016 09: 36
      +5
      Quote: Fisman
      Russia has too much money or vice versa? )))

      There is never a lot of money, but yes - there is money and is in someone's deposits without movement in hefty amounts. Well, businessmen do not invest money in development for the long term at a small percentage, like all these "support of Russia" with Titov on the ball Abrau Dyurso who snatched quietly into the mud burrow when they need to invest in something concrete and from there they just grunt - business nightmare! ",,, the state should help, build infrastructure and attract investment."
      Quote: razmik72
      As the Russian poet wrote, it’s impossible to understand Russia, you can’t measure the total arshin. Russia buys US government debt bonds and almost simultaneously places Eurobonds on foreign markets in order to attract borrowed funds. The question is, where is the logic?

      Logic appears when you add to these thoughts the collapse of the USSR, and even earlier - the destruction of the financial Stalinist system, the apex of which was the monetary reform of Minister Pavlov's dog. All! The ruble is tied to the dead presidents of the USA and the private shop of CJSC FRS drawn on paper. Here is the whole world proportionally spread out tribute and sends to maintain the type of stability of the global financial system. This is how it is so popular without detailing.
    9. volot-voin
      volot-voin 25 May 2016 09: 42
      +3
      Quote: Fisman
      Russia has too much money or vice versa? )))

      decided to pay tribute to world usurious capital, and at the same time fill their pockets
    10. Alekseev
      Alekseev 25 May 2016 19: 23
      0
      Quote: Fisman
      Russia has too much money or

      Or the world has now changed significantly compared, for example, with the mid-20th century.
      There is no shortage of material resources and goods, including high-tech ones, and finance is far from being only in the hands of the United States.
      The Russian Federation is provided with natural resources, energy, mainly food. Great military nuclear missile power.
      Pays debts. What else is needed in order to invest in securities?
      If there are "advanced economists" on the forum, please clarify (in connection with the Ukrainian debt).
      Eurobonds are bearer securities.
      In theory, the state, the corporation, which borrowed by means of them, must repay the Eurobond that was "bought" from them on time, regardless of who presents it for repayment. Or declare a default and not repay anyone at all.
      Or is it all wrong?
    11. Megatron
      Megatron 25 May 2016 20: 36
      0
      It is disgusting to read such things, instead of working in the domestic market, our money enriches other economies, and even the second time we enrich them with our debts. In person I want to spit on these liberal financial lackeys.
  2. godofwar6699
    godofwar6699 25 May 2016 06: 12
    +1
    Russia may place Eurobonds on the remaining $ 2016 billion by the end of 1,25.
    1. Nikolay K
      Nikolay K 25 May 2016 12: 38
      +4
      Because of the planned $ 3 billion, it was possible to place $ 1,75 billion. There were more than enough tales of those wishing to buy our Eurobonds for internal use only. I think most of the buyers were Russians themselves. And the West is still afraid to invest in our papers, the more formally we have a garbage rating.
      Officially, the purpose of the placement is to revive the financial market, because corporate clients attract Western money on the principle of yield on government bonds + risk premium. But it seems to me that now it is not necessary to attract foreign capital, but simply to return our Russian money from offshore
    2. fif21
      fif21 26 May 2016 05: 30
      0
      Quote: godofwar6699
      Russia may place Eurobonds on the remaining $ 2016 billion by the end of 1,25

      Can! This is the thought of the Russian Federation allowed the government to carry out external borrowing am These are deputies elected by the people, they drive him (the people) into a debt hole.
  3. fa2998
    fa2998 25 May 2016 06: 15
    +12
    But what about "import substitution"? The country is full of dollar millionaires and billionaires, so spend an internal loan. Yes, officials and deputies get good money (and they take bribes), if the country needs money, let them help! Or our "rich Buratiny" already removed assets to the West, do they not trust their "native" government? laughing hi
    1. 34 region
      34 region 25 May 2016 07: 39
      0
      fa2998! 06.15. Effective offer. Only they should not be borrowed, but confiscated. And to thank for their withdrawal (through bribes and kickbacks) from the turnover of unaccounted funds.
  4. Max repp
    Max repp 25 May 2016 06: 17
    +1
    The main thing is not to get involved with this.
  5. populist
    populist 25 May 2016 06: 21
    +1
    Another thing is that one can grieve over "Russia's inability to live without external borrowing." Well, this is already a separate conversation - kill yourself, don't kill yourself, this is all the "charms" of the market economy,

    This is actually the main question.
    And the conversation should be conducted first of all about how to switch to domestic financing, why they do not, and where the new borrowings will go.
  6. quolta
    quolta 25 May 2016 06: 24
    +4
    It’s interesting to Khokhlov at what interest did Russia lend?)) I would buy it myself at this percentage compared to deposits in our banks))
  7. sa-ag
    sa-ag 25 May 2016 06: 42
    +5
    Yes, just like a kind of breakthrough is presented borrowing money in the west, it looks especially interesting after the "pivot to the East", to see in the east a complex figure was shown
  8. avg-mgn
    avg-mgn 25 May 2016 07: 13
    -2
    Quote: sa-ag
    Yes, just like a kind of breakthrough is presented borrowing money in the west, it looks especially interesting after the "pivot to the East", to see in the east a complex figure was shown

    Despite the fact that the move is economically dubious, the political factor of the deal should be noted - the state sanctioners were seizing the bait, and this, despite the assertions about the "garbage rating" of Russia, in the West they have not forgotten how to count money. It means that not everything is as bad as they paint for us.
    1. sa-ag
      sa-ag 25 May 2016 07: 42
      +1
      Quote: avg-mgn
      it should be noted the political factor of the transaction - the state sanctioners made bait

      This is still a question to whom the bait went, in my opinion the West received a leverage
  9. asiat_61
    asiat_61 25 May 2016 07: 14
    +6
    The article is delirious of a mad man. He presents this action to us as a kind of breakthrough. To buy Amersky at 2% and release his own at 5%, the actions are, to put it mildly, unclear. And who doesn’t let out their money, then the IMF? Then who are we? able to issue its money), or not sewn to what tail?
  10. sergeyzzz
    sergeyzzz 25 May 2016 07: 20
    -1
    Quote: sa-ag
    Yes, just like a kind of breakthrough is presented borrowing money in the west, it looks especially interesting after the "pivot to the East", to see in the east a complex figure was shown

    Of course, a breakthrough, the whole point of sanctions is to strangle the Russian economy, which means that no one will officially give a loan.
    1. sa-ag
      sa-ag 25 May 2016 07: 23
      +4
      Quote: sergeyzzz
      Course breakthrough

      A breakthrough is when a country enters a shared market with its products, a breakthrough is when people line up for a new technology, and so they turned away first from west to east in the hope that now "wow", and then again turn back and "give money" , on "uh" is not enough
  11. Viktor fm
    Viktor fm 25 May 2016 07: 31
    +1
    The authorities do not give a damn about citizens; they are baking about their image.
  12. Companion
    Companion 25 May 2016 07: 38
    0
    A good show (bond) is more expensive than money. smile
    Probably, in some cases, the country, as an economic entity, should do so ...
  13. lablizn
    lablizn 25 May 2016 07: 45
    +3
    Although the author promised to explain everything in a simple language, he did not reveal the essence of the matter.
    Let's try to figure out why we buy US debt and take foreign currency loans (indirectly through the placement of Eurobonds).
    The second is to secure Russia's existing external debt obligations to creditors. With regard to interest rates, this is a matter of Central Bank policy, which takes into account possible risks and financial guarantees of the parties.
    As for the purchase of dollar government bonds or other securities, the essence of the issue is their high liquidity in the financial market. Those. in case of unplanned expenses, the foreign exchange reserve, unlike the gold one, can be realized very quickly.
    As the financiers say, this is an "airbag". We have to do this because we do not have an American printing press.
    Well, for lovers of conspiracy theories: Russia and China can bring down the US financial system (just why?) By the simultaneous release of a large number of American securities on the world financial market.
    1. sa-ag
      sa-ag 25 May 2016 07: 54
      +5
      Quote: lablizn
      the simultaneous release of a large number of US securities on the world financial market.

      Debt receipts are stored in depositories, and something tells me that the depositories are not in the Russian Federation and China, so whoever gives them so much to sell at once on the exchange will immediately stop trading, so it's all a dream
    2. Monster_Fat
      Monster_Fat 25 May 2016 09: 27
      +6
      This is the myth about the "super liquidity" of US debt and that these bonds can be redeemed at "any time." American bonds are "canceled" only within certain periods of the series and not earlier. If you want to "pay off" these bonds earlier, then you can only sell them to "resellers" who will pay you an amount much less than what you bought them for.
      1. Stas157
        Stas157 25 May 2016 09: 53
        0
        Quote: Monster_Fat
        If you want to "pay off" these bonds earlier, then you can only sell them to "resellers" who will pay you an amount much less than what you bought them for.

        Not much. Losses can only be in percentages, which are already tiny! The fact is that so far, in the world there is nothing more liquid than the US Treasury.
  14. Aleksander
    Aleksander 25 May 2016 08: 16
    +6
    Russian Eurobonds placed earlier only in the first 4 months of the current year brought to their holders solid percentage - 7%


    In year 21% in currency! Wow: over 10 years triple win! Quite a bit, Amer in the area 0,5% -1%. Yes OWN offer this to citizens (even half as much), and then there will be no end (even in currency!).
    1. Beaver
      Beaver 25 May 2016 12: 45
      +4
      Quote: Aleksander
      Yes offer your citizens such

      Perhaps it is among Of their such highly profitable papers are distributed. repeat
      1. Normal ok
        Normal ok 25 May 2016 18: 09
        +1
        Quote: Castor
        Quote: Aleksander
        Yes offer your citizens such

        Perhaps it is among Of their such highly profitable papers are distributed. repeat

        Along the way, for this everything is started. They gave "theirs" money.
    2. fif21
      fif21 26 May 2016 05: 46
      0
      Quote: Aleksander
      Yes, offer your citizens this (even half as much), and then there will be no end (even in currency!).
      Ish rolled out his lip! His wassat For their own, another program is to hunch on world capital. But for what purposes the money was taken, can someone say? WHAT FOR? -Take a hole in the budget? Hold a championship at 18? Hold elections in September? Who will say?
    3. fif21
      fif21 26 May 2016 05: 46
      +1
      Quote: Aleksander
      Yes, offer your citizens this (even half as much), and then there will be no end (even in currency!).
      Ish rolled out his lip! His wassat For their own, another program is to hunch on world capital. But for what purposes the money was taken, can someone say? WHAT FOR? -Take a hole in the budget? Hold a championship at 18? Hold elections in September? Who will say?
  15. troyan
    troyan 25 May 2016 08: 28
    +2
    The amount was determined - 3 billion dollars (again there are some numerical associations with the "independent" - it is possible that this is just an accident ...). The percentage of profitability was also determined - 4,65-4,9% per annum.

    The main reason for this interest is that Russian Eurobonds placed earlier only in the first 4 months of this year brought their holders a solid percentage - 7% (in dollar terms), which is one of the leading indicators in the world among countries with developed and developing economies
    .
    I wonder why such generosity? Try to put (or at least look at interest rates on deposits) your dollars on a contribution to Russian banks in Russia. Yes, that dollars - rubles. The percentage of dollars for foreign countries is almost the same as the ruble for their citizens, and the percentage of currency for their citizens tends to zero.
    ...
    And something in the comments I do not see ya-Utriotic cries of joy. Rejoice, rejoice, because this is probably one of the many cunning plans of Putin, your idol.
  16. Winnie76
    Winnie76 25 May 2016 08: 37
    +1
    In the Savings Bank on deposits in euros 0.6 - 0.9 percent, in dollars in the region of 2 percent. Clowns
  17. Kostya Andreev
    Kostya Andreev 25 May 2016 08: 50
    -1
    Quote: sa-ag
    A breakthrough is when a country enters a shared market with its products, a breakthrough is when people line up for a new technology, and so they turned away first from west to east in the hope that now "wow", and then again turn back and "give money" , on "uh" is not enough


    Well, for you personally, what prevents you from coming up with breakthrough technology and going to the market. Take a loan or sell an apartment, organize production, which you hope for the state. If you know what to do on a national and global scale, then you will just spit your production that will make competitive products on the world market.
    1. sa-ag
      sa-ag 25 May 2016 14: 43
      +2
      Quote: Kostya Andreev
      Well, for you personally, what prevents you from coming up with breakthrough technology and going to the market.

      Nothing, they came up with blockchain technology, for financial transactions, UBS and Barclays banks are studying it, and in Russia cryptocurrencies have already been banned, they want to introduce criminal liability for its use, so come up with a little ...
  18. 31rus2
    31rus2 25 May 2016 08: 51
    0
    Dear Medvedev, the Crimeans did not have a pension indexation, there is no money in the treasury, this is where all the loans come from, all these attempts to find investors, creditors, that is, it’s easier the economic policy of Russia has not changed, the hope for some kind of heavy investment, loans, even for high interest, for low prices for objects sold, and the investor is not a sucker, waiting for an even greater reduction in prices, even more favorable conditions, and there was no money, no, simply put another topic of dusting brains
  19. The comment was deleted.
  20. The comment was deleted.
  21. Volzhanin
    Volzhanin 25 May 2016 08: 59
    +4
    To begin with, the Central Bank would have been nationalized - then the people would have noted this positive initiative and, perhaps, would not have hated the United Russia so much. And all these clumsy antics and leaps of our "economists" are pitiful, inexpressive and ineffective.
  22. akudr48
    akudr48 25 May 2016 09: 26
    +2
    The meaning of the article is a photograph of an insolent banker telling the next tales of the bright future for the Russian people ...
  23. dr. sem
    dr. sem 25 May 2016 09: 26
    0
    Quote: Kukaner
    Medvedev did not just say that there will be no indexation. He actually sent retirees.
    Granny says that she cannot live and "they are wiping their feet about us," and Dimasik replied, "You hold on here, all the best to you, good mood and health!"

    Cynicism to the highest degree. I wonder who will drop the newsletter for EP in the fall, the head of which states such things?
    By the way, why did the resource not pay attention to this?

    And, no one will lower the bulletin for edrosov ... And they will win 100500 percent at the turnout of zero selya / arsenals ... As always, however ...
    And, the "resource" does not exist for that ... 99 prts. publications are aimed at promoting "defense hysteria" .... "Enemies are all around", "tighter than the belt", "if only there was no war" .... Everything is in the spirit of the communist USSR ... Yes, only in the USSR a man of labor is held in high esteem was and was ready to endure ... IDEA. And what to "hold on to" now? For the preservation of power and income of 1% of the elect due to the slow extinction of 99% of the population ???
  24. iouris
    iouris 25 May 2016 10: 45
    +1
    You can borrow money only if you have a firm intention (and resource) to "forgive debts".
  25. dr. sem
    dr. sem 25 May 2016 12: 12
    +1
    Quote: Stas157
    Quote: Monster_Fat
    If you want to "pay off" these bonds earlier, then you can only sell them to "resellers" who will pay you an amount much less than what you bought them for.

    Not much. Losses can only be in percentages, which are already tiny! The fact is that so far, in the world there is nothing more liquid than the US Treasury.

    Quote: Stas157
    Quote: Monster_Fat
    If you want to "pay off" these bonds earlier, then you can only sell them to "resellers" who will pay you an amount much less than what you bought them for.

    Not much. Losses can only be in percentages, which are already tiny! The fact is that so far, in the world there is nothing more liquid than the US Treasury.

    "The liquidity of the SGAsh treasuries" is guaranteed by the SGAsh fleet and marines at bases around the world and NOTHING else ... These pieces of paper are essentially rubbish. Giving up this junk is a guarantee of true INDEPENDENCE.
  26. avg-mgn
    avg-mgn 25 May 2016 12: 29
    +2
    Quote: Aleksander
    Quite a bit, Amer in the area 0,5% -1%. Yes, offer your citizens this (even half as much), and then there will be no end (even in currency!).
    This is not as profitable as you think. You forgot that our citizen, unlike the state, will pay taxes on profits from operations with our own securities or other purchased on the Russian market, as the Tax Code of the Russian Federation interprets.
    Regardless of who is the buyer of your shares, debentures or other securities - a legal entity or an individual - you must file a tax return and pay taxes on the sale of these securities at a rate of 13%. The tax base in these cases is the entire amount received by you from the sale.

    This is one of the reasons for transactions through offshore companies - taxes 1-2% maximum.
  27. Lt. Air Force stock
    Lt. Air Force stock 25 May 2016 12: 51
    0
    In general, there is nothing good in this, in fact, Russia takes money from foreigners, thus increasing the public debt of Russia, which has been relatively small to date. The main thing is not to get involved. And do not borrow money in the tens of billions.
  28. Corvetkapitan
    Corvetkapitan 25 May 2016 13: 10
    +4
    To find money for the budget of Russia, it is necessary to introduce a progressive tax in the Russian Federation, force businesses to pay “white wages” and comply with the labor code, send “honest” thieves and crooks like Chubais and the like to prison bunks. Otherwise, you won't be able to patch holes in the budget.
  29. kirgudu
    kirgudu 25 May 2016 14: 18
    +2
    I don’t understand nifig. We have invested almost 90 lard bucks in US toilet paper. Fuck to borrow money, if we have it?
    Or is it a tricky plan again?
  30. Homo
    Homo 25 May 2016 14: 50
    -2
    Half a day of worthless comments from sofa experts. Not a single sound thought. Complete lack of economic knowledge. Naked politics, swearing, nothing on the topic, nonsense! And the worst thing is that the tone is set by liberal-minded, "sent Cossacks". And the rest of the crowd (I can't name it otherwise) is underway. And he begins to sing along with those against whom he patriotically fights when discussing other articles.
    PS Note the number of "sergeants" and "lieutenants" in such discussions. Newcomers, newcomers, misdirected.
  31. sinoptic
    sinoptic 25 May 2016 14: 57
    -1
    Quote: kirgudu
    I don’t understand nifig. We have invested almost 90 lard bucks in US toilet paper. Fuck to borrow money, if we have it?
    Or is it a tricky plan again?

    In-in.
    We cannot deceive ourselves in any way.
    Bear-Kudriya-Nomika.
    Fools rule.

    And the fact that our banks did not immediately think of connecting to this system is fools again :)
  32. fa2998
    fa2998 25 May 2016 17: 19
    0
    Quote: 34 region
    fa2998! 06.15. Effective offer. Only they should not be borrowed, but confiscated. And to thank for their withdrawal (through bribes and kickbacks) from the turnover of unaccounted funds.

    It will not work, one person (the guarantor) said on TV "we are not 37"! lol Here all his decrees will be ignored, and that phrase will necessarily be executed! laughing hi
  33. cyber
    cyber 25 May 2016 17: 36
    +2
    The article is good, only one BUT: no one needs to prove that investment in the Russian economy is one of the most profitable in the world - in the West everyone knows this very well. Russia has always been famous for the fact that at the cost of the welfare of its citizens it gave Western citizens the opportunity to earn :)
    All the best to the west, and all indecent - to their own. For example, remember the export options of VAZ cars that were equipped much better than those for the domestic market of the USSR. It was great happiness to buy a car destined for export.

    Now in the conditions of cheap labor, the Russian economy is more profitable than ever, only the top people insist that we have low labor productivity considering the proportions of profit in dollar terms to the number of workers.laughing But we all remember that there is a lie, there is a vile lie - and there are statistics. Here, too, you begin to calculate the proportion of profit in dollars to the salary of a Russian worker expressed in dollars and you are stunned that profitability with our "low productivity" is simply off scale and no US has ever been close.
    "So what we have off the duck": low labor costs, countless resources, political stability (there are no trade unions, no one complains about anything) and at the same time, terrible inflation devaluing already miserable wages and no economic growth!
  34. TT1968
    TT1968 25 May 2016 18: 28
    +1
    Well kill, I can’t understand the logic - Russia Bought US debt of 92 billion dollars, while only the last deal in February was 5 billion dollars.
    At the same time, Russia itself TAKES ON DEBT an amount close to $ 5 billion.
    What is the logic dear friends ??? If you need money, sell American debt! Or don’t buy at all by financing a potential "partner" wink
    And, in general - I was once taught that money should work. Money in a storeroom is dead for the economy!
  35. Kostya Andreev
    Kostya Andreev 25 May 2016 18: 46
    0
    Quote: sa-ag
    sa-ag Today, 14:43 ↑
    Quote: Kostya Andreev
    Well, for you personally, what prevents you from coming up with breakthrough technology and going to the market.
    Nothing, they came up with blockchain technology, for financial transactions, UBS and Barclays banks are studying it, and in Russia cryptocurrencies have already been banned, they want to introduce criminal liability for its use, so come up with a little ...


    What does financial transaction have to do with it? I'm talking about technology development. I wrote to the fact that the number of people on the site who know what and how to do in the economy and in production goes off scale, but at the same time, as a rule, theories themselves do not go further.
    According to these people, it is necessary for the state to develop and build factories, (what? Will there be a technological answer, the most advanced ones), and set the best people (who will turn out to be swine boors who will push their mistresses and friends to bosses, as leaders), and they his own, despite the fact that he will produce all kinds of garbage for decades, and ask for help from the state, complaining that they are doing better abroad and will ask for money, for development, and he will also steal. at this moment these people will remember Stalin).
    Do not believe? compare the number of bosses in a private trader and the number of bosses in an enterprise with state participation. (worked in one organization there were about 200 engineers, for 200 workers).
    Roughly speaking, people hope that an uncle will come who will provide them with work and income, and without risking anything they will give wise advice on how to develop production and the economy, and is proud of the country.
    Why do not they say and do not take as an example private Russian companies that enter the world market.
    That's what I wrote about this, that you can’t only get rid of the tips while sitting on the couch, but you need to do something, develop production, pay taxes, create jobs.
    1. iouris
      iouris 25 May 2016 19: 18
      0
      Correct, but this is a liberal theory. In practice, no more than 1,5% of percent have a chance to become an entrepreneur. And this is good. Therefore, the point is in the quality of these entrepreneurs, and not in the fact that the entrepreneurs were given "bad people". Look for another people for yourself.
      1. Kostya Andreev
        Kostya Andreev 25 May 2016 19: 42
        +1
        not everyone can be an entrepreneur, but the employer risks his own money, and if he makes a mistake, he will fly into the pipe, and the state will not give money, but as the head for the state account. to make profane money, everyone can be!
  36. VladimS
    VladimS 25 May 2016 23: 15
    0
    Explain who is aware of what kind of crap.
    Only 2 days ago it sounded on RBC.
    We "salt" the exceptional, almost 100, a little less, lards of greenery under 1,6 per annum, ten years.
    We ourselves occupy, miserable against this background 3 lard under, albeit 4,5%! Generous soul?
    Dolbalob Kudrin again, soon he will again take up his hands to drive .. Strangle finally the real sector
    Just no words !!
    And yes, just don’t say that "everyone does it", meaning the purchase of Amer papers.
    Yes they do. But, with free funds. And not those that your country needs tomorrow.
  37. cergey51046
    cergey51046 26 May 2016 05: 08
    0
    You borrow strangers for a while, and you repay yours and forever with interest. Russia could not borrow. All this from the evil one - the enemies of Russia.
  38. sergeyzzz
    sergeyzzz 26 May 2016 07: 45
    0
    Quote: kirgudu
    I don’t understand nifig. We have invested almost 90 lard bucks in US toilet paper. Fuck to borrow money, if we have it?
    Or is it a tricky plan again?

    If you spend 90 lard, the market in Russia will immediately collapse due to the panic of fearful brokers. It is more profitable to take a loan, even with free money, than to spend this same money. These are the rules of capitalism.