Russian Eurobond market at USD 181.5bn as of end September.

By bne IntelliNews October 3, 2012
The volume of Russian corporate Eurobond as of end of September 2012 reached USD 181.5bn, Cbonds reports. Out of that USD 62.5bn accounted for circulating issues of the financial sector, USD 75.64bn for the non-financial sector and USD 42.57 for the outstanding sovereign bonds. Out of total amount USD 1.91bn (RUB 60bn) were denominated in RUB for the non-financial and USD 6.12bn (RUB 191bn) for the financial sector. Cbonds adds that in September a number of Russian banks that waited for good placement windows since the beginning of the year managed to profit on favourable condition of entering the primary Eurobond market, namely TKC Bank, Alfa-bank and Gazprombank that placed RUB-denominated Eurobonds. Also in the non-financial sector issuers such Gazprom Neft, NLMK, and Severstal managed to issue Eurobonds in September. In September 2012 alone, volume of Russia Eurobonds placed stood at USD 4.93bn.

Related Articles

Russias participation in Cyprus bail-out under question.

As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more

Fitch: Russian banks risks in Cyprus limited.

Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more

Sources: Russia could triple oil exports to China.

Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335