Russia plans to issue eurobonds in 2012

MOSCOW, Dec. 13 (Xinhua) -- Russia plans to issue 10-year eurobonds in early 2012 in a bid to finance its budget deficit, a Finance Ministry official said Tuesday.

Konstantin Vyshkovsky, head of the ministry's debt department, said Russia will borrow a total of 7 billion U.S. dollars on external markets next year, without detailing the eurobond issuances.

"We are completing preparations for the issue of eurobonds and want to offer them at the start of next year, which may be a more favorable period on financial markets," Vyshkovsky said.

Vyshkovsky said the ministry has not decided in what currency the bonds will be issued.