Russia still in social Siberia
Russia has returned with another sole VTB led deal, its first foray into the international markets this year. Some market participants had expected US or European banks to be on the mandate, following a stronger year for Russian borrowers in the international bond markets despite sanctions still firmly in place.
The sovereign is marketing a 10 and 30 year dollar bond at low 4% area, and low to mid-5% area with pricing expected on Tuesday.
Russia’s department of state debt and state financial assets had hoped to secure the support of international banks on the trade to act
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