Borets International mandates
Russian oilfield services company Borets International has mandated Deutsche Bank, Morgan Stanley and Sberbank to arrange a dollar bond. Roadshow meetings will start on Monday and visit the US, Switzerland, Germany and London before finishing on Wednesday next week, the day of the Federal Open Market Committee meeting in the US.
“The plan at the moment is to try to price the day after the FOMC meeting, but of course that will depend on market conditions,” said one syndicate official on the deal.
Borets is rated B1 by Moody’s. A Standard & Poor’s rating is expected shortly. The company
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