OREANDA-NEWS. January 14, 2013.  Russian property developer Renova-StroyGroup is considering offering at least U.S. USD 200 million of Eurobonds in 2013, CEO Mikhail Semyonov said.

 “We were inspired by the experience of Caterpillar, which has sold Eurobonds recently. If we get a credit rating upgrade, selling Eurobonds will be a good thing to do,” he said.

 Renova StroyGroup has to have a B rating from two agencies to issue the bonds, while it only has a rating from Standard & Poor's.

 Caterpillar sold 5 billion ruble bonds at 7.5% annually.

 Semyonov said Renova StroyGroup, part of Viktor Vekselberg’s Renova Group, has no need in funding now, but may review its plans to include higher growth rates and acquisition which would mean a need for liquidity.