Russia bond foray buoyed by ‘exceptional’ techincals
Russia benefitted from a huge technical bid for its bond sale on Tuesday with demand approaching $6bn by 10am, as investors are desperate to pick up debt from the country.
Russia, rated BB+/Ba1/BBB-, is looking to sell its first dollar deal of the year with 10 and 30 year tranches, after releasing initial price thoughts of low to mid-4% and low to mid-5% on each tranche on Monday.
This has since been revised to initial
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