Aggregate volume of Eurobonds placed by Russian issuers in H1/11 amounted to about USD 17bn, going up by 25% y/y, RIA Novosti reports citing VTB Capital. CIS issuers increased Eurobonds placements by 40% y/y to over USD 26bn in H1, it was added. Record-low spreads were seen in the reporting period, with Russian issuers trying to raise funds at the lowest rates. VTB Capital underlines Russias RUB-denominated 7-year Eurobonds (RUB 90bn, 7.85% yield) and Russian Railways 20-year GBP 650mn Eurobonds ad benchmark placements in H1/11. |
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 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
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